Goddard School Leases Retail Space At 77 Commercial Street In Brooklyn For 20 Years
LEASED
$75
New York
See Similar DealsRetail10,172 SF
Leased 04/14/2025
LEASED
Goddard School Leases Retail Space At 77 Commercial Street In Brooklyn For 20 Years
77 Commercial Street
See Similar DealsRetail10,172 SF
Leased 04/14/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$75
Total Square Footage:10,172 SF
Transaction Type:Lease
The property asset involved in this transaction is located at 77 Commercial Street, Brooklyn. This retail space is a total of 10,172 square feet under a modified gross lease with a lease term of 20 years. The asking rent for this property is set at $75 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 77 Commercial Street
- Market: Brooklyn
- Landlord: Clipper Equity
- Tenant: Goddard School
- Lease Type: Modified Gross Lease
- Lease Term: 20 Years
- Asking Rent: $75/ft
- Square Footage: 10,172
- Brokers: Ravi Idnani, Aric Trakhtenberg & Ross Berkowitz - Newmark
The deal involves Clipper Equity as the landlord and Goddard School as the tenant, facilitated by brokers Ravi Idnani, Aric Trakhtenberg, and Ross Berkowitz from Newmark, representing the parties in this lease agreement.
Players
LANDLORD
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$874,579.35
Total Lease Value
$8,745,793.53
Net Landlord Cash Flow$874,579.35
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