LHR Group Leases Retail Space To The Pottery Studio At 43C 9th Street In Brooklyn
LEASED
$45
New York
See Similar DealsRetail10,000 SF
Leased 09/01/2024
LEASED
LHR Group Leases Retail Space To The Pottery Studio At 43C 9th Street In Brooklyn
43c 9th Street
See Similar DealsRetail10,000 SF
Leased 09/01/2024
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$45
Total Square Footage:10,000 SF
Transaction Type:Lease
The property asset involved in this transaction is a retail space located at 43c 9th Street in Brooklyn. The lease type is a Modified Gross Lease for a total square footage of 10,000, with an asking rent of $45 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $45/ft
- Square Footage: 10,000
- Address: 43c 9th Street
- Market: Brooklyn
- Landlord: LHR Group
- Tenant: The Pottery Studio
- Broker: REQCE Commercial
The deal involved REQCE Commercial, a real estate services company that represented both the landlord LHR Group and the tenant The Pottery Studio in this transaction. The Pottery Studio is an iconic ceramic studio, which is opening its first location in Brooklyn's Gowanus neighborhood, marking its ninth location overall.
Players
BROKERAGE
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$515,874.57
Total Lease Value
$5,158,745.69
Net Landlord Cash Flow$515,874.57
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