Thor Equities Leases Retail Space To The Finery In Brooklyn, NY
LEASED
New York
See Similar DealsRetail2,000 SF
Leased
LEASED
Thor Equities Leases Retail Space To The Finery In Brooklyn, NY
527 Atlantic Ave, Brooklyn, NY, 11217
See Similar DealsRetail2,000 SF
Leased
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:2000 SF
Transaction Type:Lease
The property at 527 Atlantic Ave, Brooklyn, NY, 11217, is a retail asset with a square footage of 2000. The lease for this property was finalized on 08/07/2019 in the Brooklyn market. The tenant, The Finery, was represented by Michael Balanevsky of Accent Holdings, and the landlord, Thor Equities, was represented by Sam Sabin.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not Applicable
- Tenant: The Finery
- Landlord: Thor Equities
- Square Feet: 2000
- Tenant's Representative: Michael Balanevsky (Accent Holdings)
- Landlord's Representative: Sam Sabin (Thor Equities)
The negotiation process for the lease agreement involved Michael Balanevsky from Accent Holdings as the tenant's representative and Sam Sabin from Thor Equities as the landlord's representative. The deal was brokered successfully, leading to a finalized lease agreement for the retail space located in Brooklyn.
Players
LANDLORD
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$114,638.79
Total Lease Value
$1,146,387.93
Net Landlord Cash Flow$114,638.79
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