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LEEP Dual Language Academy Charter School Expands Lease In Sunset Park To 37,924 Sq. Ft
LEASED
New York
See Similar DealsRetail37,924 SF
Leased
LEASED
LEEP Dual Language Academy Charter School Expands Lease In Sunset Park To 37,924 Sq. Ft
5323 5th Avenue
See Similar DealsRetail37,924 SF
Leased
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:37924 SF
Transaction Type:Lease
The asset involved in the transaction is a retail property located at 5323 5th Avenue in Sunset Park, Brooklyn, comprising a total of 37,924 square feet. The property is under the ownership of Comjem Associates.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Lease expansion
- Address: 5323 5th Avenue
- Market: Sunset Park, Brooklyn
- Landlord: Comjem Associates
- Tenant: Alejandro Montoya - LEEP Dual Language Academy Charter School
- Brokers: Martin Cottingham, Michael Gottlieb & Patrick Steffens - Avison Young
This transaction marks a significant lease expansion for LEEP Dual Language Academy Charter School, which is nearly tripling its space at the address, increasing from 13,424 to 37,924 square feet. The representatives involved in this deal from Avison Young include Martin Cottingham, Michael Gottlieb, and Patrick Steffens.
Players
LANDLORD
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$2,173,780.80
Total Lease Value
$21,737,807.95
Net Landlord Cash Flow$2,173,780.80
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