Canvan Hospitality Inc Subleases Retail Space At 400 Troutman Street In Bushwick, Brooklyn
LEASED
$84
New York
See Similar DealsRetail1,000 SF
Leased 01/22/2024
LEASED
Canvan Hospitality Inc Subleases Retail Space At 400 Troutman Street In Bushwick, Brooklyn
400 Troutman Street
See Similar DealsRetail1,000 SF
Leased 01/22/2024
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$84
Total Square Footage:1,000 SF
Transaction Type:Lease
A retail lease transaction has been completed at 400 Troutman Street in Bushwick, Brooklyn. The property, measuring 1,000 square feet, was leased under a sublease agreement. The sublandlord, Bado - Dogan Karakas, has entered into an agreement with the subtenant, Canvan Hospitality Inc, for this retail space.
Summary of transaction details:
- Property Type: Retail
- Address: 400 Troutman Street
- Market: Bushwick, Brooklyn
- Sublandlord: Bado - Dogan Karakas
- Subtenant: Canvan Hospitality Inc
- Brokers: Jacob Mayer - Meridian Capital Group & Max Lu - MCRE NYC Inc
The lease was facilitated by brokers Jacob Mayer from Meridian Capital Group and Max Lu from MCRE NYC Inc. The asking rent for the 1,000 square feet retail space was $84 per square foot.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$96,296.59
Total Lease Value
$962,965.86
Net Landlord Cash Flow$96,296.59
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