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Cammeby's International Leases 38000 Square Feet At 532 Neptune Ave Brooklyn With Lee Block As Landlord's Representative

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LEASED

New York

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Retail38,000 SF
Leased 06/08/2017
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LEASED

Cammeby's International Leases 38000 Square Feet At 532 Neptune Ave Brooklyn With Lee Block As Landlord's Representative

532 Neptune Ave, Brooklyn, NY, 11224

See Similar Deals
Retail38,000 SF
Leased 06/08/2017
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:38,000 SF
Transaction Type:Lease

The property involved in this transaction is located at 532 Neptune Ave, Brooklyn, NY, 11224. It is a retail space comprising a total of 38,000 square feet. The site is part of a future 40-story mixed-use tower being developed by Cammeby's International, situated at the Trump Village Shopping Center in Brooklyn.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Address: 532 Neptune Ave, Brooklyn, NY, 11224
  • Market: Brooklyn
  • Landlord: Cammeby's International
  • Tenant: NetCost Market
  • Landlord's Rep: Lee Block, Darrell Rubens, and Jeff Winick - Winick Realty Group
  • Tenant's Rep: Jason Gerbsman - HUDSON

This lease agreement involves NetCost Market, a Russian grocery chain with six other locations in New York City. The landlord, represented by a team from Winick Realty Group, secured this lease to occupy the ground floor of the new development at the property. The specifics regarding asking rents were not disclosed in the transaction details.

Players

Lee Block
22 deals(212) 792-2649
BROKER

Cammeby’s International Group
LANDLORD

Details

LEASED
IMAGE: 532 Neptune Ave, Brooklyn, NY, 11224 MARKET: Brooklyn LANDLORD'S REP: Lee Block(Winick Realty Group) TENANT: LANDLORD: Cammeby's International SQUARE FEET: 38000

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Deal Type
Effective Rent (Annual)

$2,178,137.07

Total Lease Value

$21,781,370.69

Net Landlord Cash Flow$2,178,137.07