Five Below Signs Lease For Retail Space At 399 Knickerbocker Avenue, Bushwick, Brooklyn
LEASED
$60
+ 1
New York
See Similar DealsRetail13,000 SF
Leased 08/09/2023
LEASED
Five Below Signs Lease For Retail Space At 399 Knickerbocker Avenue, Bushwick, Brooklyn
399 Knickerbocker Avenue
See Similar DealsRetail13,000 SF
Leased 08/09/2023
+ 1
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$60
Total Square Footage:13,000 SF
Transaction Type:Lease
A retail property located at 399 Knickerbocker Avenue in Bushwick, Brooklyn, has been leased. The property consists of 13,000 square feet and was leased by the tenant Five Below. The lease was a Modified Gross Lease with an asking rent of $60 per square foot. Jenel Management served as the landlord for this transaction.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
The tenant, Five Below, was represented by Hilary Sievers and Erin Grace from JLL. On the other hand, Brian Doyle and Greg Parassio from Booth Street acted as the landlord's representatives in the deal.
Players
LANDLORD
TENANT
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$894,182.59
Total Lease Value
$8,941,825.86
Net Landlord Cash Flow$894,182.59
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