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375 Chicken 'N Fries Leases Retail Space In Flatbush Brooklyn For Long Term

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LEASED
$75

New York

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Retail2,000 SF
Leased 02/15/2024
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Property Image
LEASED

375 Chicken 'N Fries Leases Retail Space In Flatbush Brooklyn For Long Term

942 Flatbush Avenue

See Similar Deals
Retail2,000 SF
Leased 02/15/2024
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$75
Total Square Footage:2,000 SF
Transaction Type:Lease

The property at 942 Flatbush Avenue in Flatbush, Brooklyn, was leased for a Modified Gross Lease agreement. The space spans 2,000 square feet with an asking rent of $75 per square foot. The deal involves the landlord, Aziz Khidideh, representing Michael Moshe Realty, and the tenant, 375 Chicken 'N Fries. Denis Abayev from Commercial Acquisitions served as the landlord's representative, while Aric Trakhtenberg from Newmark acted as the tenant's representative. The lease was signed on 02/15/2024, with 375 Chicken 'N Fries securing a long-term deal for a location in Prospect Park South that includes a 2,000 square foot ground floor and a 2,000 square foot basement, previously occupied by KFC.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not Applicable
  • Address: 942 Flatbush Avenue
  • Market: Flatbush, Brooklyn

The notable individuals in this deal include Denis Abayev from Commercial Acquisitions who represented the landlord, Aziz Khidideh of Michael Moshe Realty, and Aric Trakhtenberg from Newmark who represented the tenant, 375 Chicken 'N Fries. This transaction brings together key players in the real estate industry, facilitating a successful lease agreement between the landlord and tenant.

Players

Aric Trakhtenberg
50 deals$8.3M volume(212) 916-3386
BROKER

Denis Abayev
Commercial Acquisitions
22 deals$33.9M volume
BROKER

Details

LEASED
IMAGE: Denis Abayev & Aric Trakhtenberg DATE: 02/15/2024 ADDRESS: 942 Flatbush Avenue MARKET: Flatbush, Brooklyn ASSET TYPE: Retail LANDLORD: Aziz Khidideh - Michael Moshe Realty TENANT: 375 Chicken 'N Fries LANDLORD'S REP: Denis Abayev - Commercial Acquisitions (@CARealtyINC) TENANT'S REP: Aric Trakhtenberg - Newmark (@Newmark) ASKING RENT: $75/ft ~ SF: 2,000 LEASE TYPE: Modified Gross Lease NOTE FROM BROKER: 375 Chicken 'N Fries inked a long term deal in Prospect Park South for 2,000 SF ground floor with a 2,000 SF basement, formerly occupied by KFC.

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Deal Type
Effective Rent (Annual)

$171,958.19

Total Lease Value

$1,719,581.90

Net Landlord Cash Flow$171,958.19