Scott Stewart Leases Retail Space At 687 Manhattan Avenue To Cooper Mug Coffee With Sara Lamstein As Tenant's Rep
LEASED
$120
New York
See Similar DealsRetail600 SF
Leased 05/01/2025
LEASED
Scott Stewart Leases Retail Space At 687 Manhattan Avenue To Cooper Mug Coffee With Sara Lamstein As Tenant's Rep
687 Manhattan Avenue
See Similar DealsRetail600 SF
Leased 05/01/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$120
Total Square Footage:600 SF
Transaction Type:Lease
The retail asset located at 687 Manhattan Avenue in Brooklyn features a lease agreement with an asking rent of $120 per square foot. The total leased space encompasses 600 square feet, under a Modified Gross Lease type.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $120/ft
- Address: 687 Manhattan Avenue
- Market: Brooklyn
- Lease Type: Modified Gross Lease
- Landlord: Scott Stewart
- Tenant: Cooper Mug Coffee
- Tenant's Representative: Sara Lamstein - Meridian Capital Group
The transaction involves key individuals such as Scott Stewart, serving as the landlord, and Sara Lamstein representing the tenant, Cooper Mug Coffee, demonstrating the collaborative efforts in securing the lease.
Players
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$82,539.93
Total Lease Value
$825,399.31
Net Landlord Cash Flow$82,539.93
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