Boris & Horton Signs Lease For 2nd Location & HQ At 510 Driggs Ave. In Williamsburg, Brooklyn
LEASED
$165
New York
See Similar DealsRetail2,000 SF
Leased 08/22/2022
LEASED
Boris & Horton Signs Lease For 2nd Location & HQ At 510 Driggs Ave. In Williamsburg, Brooklyn
510 Driggs Avenue
See Similar DealsRetail2,000 SF
Leased 08/22/2022
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$165
Total Square Footage:2,000 SF
Transaction Type:Lease
The property asset involved in this transaction is a retail space located at 510 Driggs Ave., Williamsburg, Brooklyn. The lease for this asset was signed with an asking rent of $165 per square foot, covering a total area of 2,600 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $165/ft.
- Address: 510 Driggs Ave.
- Market: Williamsburg, Brooklyn
- Landlord: Northlink Capital
- Tenant: Boris & Horton
- Landlord's Representative: Brendan Thrapp & Nate Mallon - Verada
- Square Footage: 2,600 SF
The landlord's representatives for this deal, Brendan Thrapp and Nate Mallon from Verada, facilitated the signing of the lease agreement for Boris & Horton, marking their second location and headquarters at this address. This deal was completed prior to the building's completion.
Players
LANDLORD
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$378,308.02
Total Lease Value
$3,783,080.17
Net Landlord Cash Flow$378,308.02
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