Pure Green Leases Retail Space At 5 Blue Slip In Brooklyn
LEASED
New York
See Similar DealsRetail850 SF
Leased 04/01/2021
LEASED
Pure Green Leases Retail Space At 5 Blue Slip In Brooklyn
5 Blue Slip, Brooklyn, NY, USA
See Similar DealsRetail850 SF
Leased 04/01/2021
Summary
NEW YORK
Asset Type:Retail
Total Square Footage:850 SF
Transaction Type:Lease
Pure Green, represented by Ross Franklin, has signed a 10-year lease for a retail space located at 5 Blue Slip in Brooklyn. The property, owned by Park Tower Group and represented by Marian Klein, offers 850 square feet of space. The asking rent for the lease was $70 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 5 Blue Slip, Brooklyn
- Tenant: Pure Green - Ross Franklin
- Landlord: Park Tower Group - Marian Klein
- Brokers: Peter Schubert & Bill Strassman - TerraCRG
- Asking Rent: $70/ft
- SF: 850
- Term: 10-year
In this deal, Peter Schubert and Bill Strassman from TerraCRG represented the tenant, Ross Franklin, while the landlord, Park Tower Group, was represented by Marian Klein. The lease term will span 10 years, providing a long-term arrangement for Pure Green's retail presence in Brooklyn.
Players
LANDLORD
TENANT
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$48,721.49
Total Lease Value
$487,214.87
Net Landlord Cash Flow$48,721.49
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