Two Trees Leases Retail Space At 45 Main Street Brooklyn To SixPenny For Long Term
LEASED
$150
New York
See Similar DealsRetail5,200 SF
Leased 11/01/2024
LEASED
Two Trees Leases Retail Space At 45 Main Street Brooklyn To SixPenny For Long Term
45 Main Street
See Similar DealsRetail5,200 SF
Leased 11/01/2024
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$150
Total Square Footage:5,200 SF
Transaction Type:Lease
The property asset involved in the transaction is located at 45 Main Street in Brooklyn and is categorized as a retail asset. The asking rent for this space is set at $150 per square foot, encompassing a total area of 5,200 square feet. The lease is structured as a single net lease with a long-term commitment.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $150/ft
- Square Footage: 5,200
- Address: 45 Main Street
- Market: Brooklyn
- Landlord: Two Trees
- Tenant: SixPenny
- Lease Term: Long Term
- Lease Type: Single Net Lease
- Brokers: Brandon Singer & Michael Cody - Retail By Mona
Brandon Singer and Michael Cody represent the broker agency involved in this lease transaction, acting on behalf of the parties related to the deal. The landlords are recognized as Two Trees, while the tenants are identified as SixPenny, marking a collaborative effort in securing this lease.
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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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