Mitchell Shwartz Leases Retail Space At 424a Third Avenue To Bakline For $60/ft
LEASED
$60
New York
See Similar DealsRetail2,400 SF
Leased 09/01/2025
LEASED
Mitchell Shwartz Leases Retail Space At 424a Third Avenue To Bakline For $60/ft
424a Third Avenue
See Similar DealsRetail2,400 SF
Leased 09/01/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$60
Total Square Footage:2,400 SF
Transaction Type:Lease
The property asset involved in this transaction is a retail space located at 424a Third Avenue in the Gowanus market. The asset encompasses a total area of 2,400 square feet under a Single Net Lease structure, with an asking rent set at $60 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $144,000
- Address: 424a Third Avenue
- Market: Gowanus
- Landlord: Mitchell Shwartz
- Tenant: Bakline
- Brokers: Eddie Mamiye, Isaac Bijou, Meyer Dagmy - MOD
- Lease Type: Single Net Lease
The transaction was facilitated by brokers Eddie Mamiye, Isaac Bijou, and Meyer Dagmy, all representing the landlord, Mitchell Shwartz, in this lease agreement with tenant Bakline.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$165,079.86
Total Lease Value
$1,650,798.62
Net Landlord Cash Flow$165,079.86
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