Wyckoff Convenience Inks Record Retail Lease At 379 Jefferson St., Bushwick

The retail property located at 379 Jefferson Street in Bushwick, Brooklyn, was leased to Wyckoff Convenience. The lease agreement was for a 250 square foot ground floor retail space at an asking rent of $432 per square foot, totaling $108,000 annually. The long-term lease spanned 10 years, marking a significant increase from the previous record lease rate of $125 per square foot in the area.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $108,000 annually
• Landlord: Walter Graur - WM 379 Realty
• Tenant: Wyckoff Convenience
• Broker: Max Lu - M2 CRE
• Lease Type: Retail Lease
• Lease Term: 10 years

The deal was facilitated by Max Lu from M2 CRE, a brokerage specializing in retail leasing and seller services in North Brooklyn. The property was leased to Bushwick-based operators who have successfully expanded their businesses in the neighborhood. M2 CRE, with over 17 years of experience, managed to secure a lease that outperformed previous records in Bushwick, demonstrating their expertise in the local market.