Dong Ting Lake Leases Retail Space In Downtown Brooklyn For $125/ft
LEASED
$125
New York
See Similar DealsRetail3,600 SF
Leased 07/05/2023
LEASED
Dong Ting Lake Leases Retail Space In Downtown Brooklyn For $125/ft
56 Willoughby St Brooklyn, NY 11201, USA
See Similar DealsRetail3,600 SF
Leased 07/05/2023
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$125
Total Square Footage:3,600 SF
Transaction Type:Lease
A retail property located at 56 Willoughby Street in Downtown Brooklyn has been leased. The property, measuring 3,600 square feet, was leased by United American Land to Dong Ting Lake, Inc. The lease transaction was facilitated by brokers Jordan Raphan and Samuel Chera from KSR. The asking rent for the space was $125 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: N/A
- Address: 56 Willoughby Street
- Market: Downtown Brooklyn
Jordan Raphan and Samuel Chera from KSR represented Dong Ting Lake, Inc in the lease deal. Both brokers played a key role in negotiating the terms and conditions of the lease agreement.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$515,874.57
Total Lease Value
$5,158,745.69
Net Landlord Cash Flow$515,874.57
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