Brooklyn Basketball Academy Leases Retail Space At 306 Water Street In Brooklyn For $65/ft
LEASED
$65
New York
See Similar DealsRetail6,000 SF
Leased 12/01/2024
LEASED
Brooklyn Basketball Academy Leases Retail Space At 306 Water Street In Brooklyn For $65/ft
306 Water Street
See Similar DealsRetail6,000 SF
Leased 12/01/2024
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$65
Total Square Footage:6,000 SF
Transaction Type:Lease
The property involved in this lease transaction is a retail space located at 306 Water Street in Brooklyn. The asset encompasses 6,000 square feet with an asking rent of $65 per square foot. This lease is classified as a modified gross lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $65/ft
- Square Footage: 6,000
- Address: 306 Water Street
- Market: Brooklyn
- Landlord: Constellation Real Estate Group
- Tenant: Brooklyn Basketball Academy
- Broker: REQCE Commercial
Constellation Real Estate Group serves as the landlord while Brooklyn Basketball Academy is recognized as a premier youth basketball training program, marking their third location in the area. REQCE Commercial represented both parties in this transaction and noted its significance as their second major sports project in DUMBO.
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BROKERAGE
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$447,091.29
Total Lease Value
$4,470,912.93
Net Landlord Cash Flow$447,091.29
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