7th Street Burger Signs Ground Lease For Retail Space At 400 Jay St In Downtown Brooklyn

A ground lease for a retail space has been secured in Downtown Brooklyn. The property, located at 400 Jay St, offers 1,100 square feet of space. The ground lease was brokered by David Green and Daniel Kestenbaum from KSR, representing the landlord, Robert Zirinsky. The tenant, 7th Street Burger, was represented by Ross Kaplan and Jason Pruger from Newmark. The asking rent for the space is $200 per square foot.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: Ground Lease
• Address: 400 Jay St
• Market: Downtown Brooklyn
• Landlord: Robert Zirinsky
• Tenant: 7th Street Burger
• Landlord's Rep: David Green & Daniel Kestenbaum - KSR
• Tenant's Rep: Ross Kaplan & Jason Pruger - Newmark
• Asking Rent: $200/ft ~ SF: 1,100

The deal was facilitated by David Green and Daniel Kestenbaum of KSR on behalf of the landlord, Robert Zirinsky. Ross Kaplan and Jason Pruger from Newmark represented the tenant, 7th Street Burger. The ground lease agreement provides an opportunity for 7th Street Burger to establish a presence in the vibrant retail market of Downtown Brooklyn, while Robert Zirinsky benefits from a long-term lease agreement.