Forte Construction Corp. Leases Retail Space In Boerum Hill For $62/ft
LEASED
$62
+ 2
New York
See Similar DealsRetail4,000 SF
Leased 03/01/2024
LEASED
Forte Construction Corp. Leases Retail Space In Boerum Hill For $62/ft
83 3rd Avenue
See Similar DealsRetail4,000 SF
Leased 03/01/2024
+ 2
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$62
Total Square Footage:4,000 SF
Transaction Type:Lease
The retail property located at 83 3rd Avenue in Boerum Hill, Brooklyn, was leased in a transaction involving landlord Ben Atkins and tenant Forte Construction Corp. The property spans 4,000 square feet, with an asking rent of $62 per square foot, under a Modified Gross Lease agreement.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not provided
- Landlord: Ben Atkins
- Tenant: Forte Construction Corp.
- Landlord's Rep: Jon Kamali, Jeremy Kamali & Justin Kamali - J3K Real Estate
- Tenant's Rep: Elliot Zelinger & Scott Fink - Savitt Partners
The deal was facilitated by Jon Kamali, Jeremy Kamali, and Justin Kamali from J3K Real Estate, representing the landlord, while Elliot Zelinger and Scott Fink from Savitt Partners acted as the tenant's representatives in the lease agreement at 83 3rd Avenue.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$284,304.21
Total Lease Value
$2,843,042.07
Net Landlord Cash Flow$284,304.21
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