Indigo Hotel Leases 17,765 SF Retail Space To TMPL Fitness In Williamsburg Brooklyn
LEASED
$60
New York
See Similar DealsRetail17,765 SF
Leased 07/01/2024
LEASED
Indigo Hotel Leases 17,765 SF Retail Space To TMPL Fitness In Williamsburg Brooklyn
500 Metropolitan Avenue
See Similar DealsRetail17,765 SF
Leased 07/01/2024
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$60
Total Square Footage:17,765 SF
Transaction Type:Lease
The property asset involved in this transaction is a retail space located at 500 Metropolitan Avenue in Williamsburg, Brooklyn. The lease type is a Retail Lease, with an asking rent of $60 per square foot for a total area of 17,765 square feet. The landlord for the property is Indigo Hotel.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $60/ft
- Address: 500 Metropolitan Avenue
- Market: Williamsburg, Brooklyn
- Landlord: Indigo Hotel
- Tenant: TMPL Fitness
- Brokers: Eli Yadid, Nathan Ades & Rafael Benor - KSR
- Lease Type: Retail Lease
KSR represented both the landlord, Indigo Hotel, and the tenant, TMPL Fitness, in this off-market transaction, highlighting their role in facilitating the deal.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$1,221,934.90
Total Lease Value
$12,219,348.96
Net Landlord Cash Flow$1,221,934.90
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