Dallas BBQ Signs Ground Lease At 911 Erskine Street In East New York, Brooklyn
LEASED
$60
New York
See Similar DealsRetail12,574 SF
Leased 11/07/2023
LEASED
Dallas BBQ Signs Ground Lease At 911 Erskine Street In East New York, Brooklyn
911 Erskine Street
See Similar DealsRetail12,574 SF
Leased 11/07/2023
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$60
Total Square Footage:12,574 SF
Transaction Type:Lease
The property involved in this lease transaction is a retail space located at 911 Erskine Street in East New York, Brooklyn. The asset has a total square footage of 12,574 square feet. The landlord, Arker Company, entered into a ground lease agreement with the tenant, Dallas BBQ. The asking rent for the retail space was $60 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: N/A
- Address: 911 Erskine Street, East New York, Brooklyn
- Market: East New York, Brooklyn
- Landlord: Arker Company
- Tenant: Dallas BBQ
- Landlord's Representative: Greg Parassio - Booth Street
- Tenant's Representative: Barry Fishbach - Newmark
- Asking Rent: $60 per square foot
- Lease Type: Ground Lease
In this lease deal, Greg Parassio from Booth Street represented the landlord, Arker Company, while Barry Fishbach from Newmark represented the tenant, Dallas BBQ.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$864,880.91
Total Lease Value
$8,648,809.11
Net Landlord Cash Flow$864,880.91
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