Chested Of Flatbush Leases Retail Space At 1251 Coney Island Avenue In Brooklyn For $50/SF
LEASED
New York
See Similar DealsRetail2,300 SF
Leased 03/18/2025
LEASED
Chested Of Flatbush Leases Retail Space At 1251 Coney Island Avenue In Brooklyn For $50/SF
1251 Coney Island Avenue
See Similar DealsRetail2,300 SF
Leased 03/18/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$50
Total Square Footage:2,300 SF
Transaction Type:Lease
The property asset involved in this transaction is a retail space located at 1251 Coney Island Avenue in the Brooklyn market. The leased space measures 2,300 square feet and commands a rent of $50 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 1251 Coney Island Avenue
- Market: Brooklyn
- Square Feet: 2300.0
- Tenant: Chested of Flatbush
- Landlord: Shea Hecht-1251 Coney Island Avenue Realty
- Tenant's Rep: Chaim Zagelbaum (Augenbaum Realty)
- Landlord's Reps: Mendel Sears (Tri State Commercial Realty), Mendel Jacobson (Tri State Commercial Realty)
This transaction involves prominent representatives such as Chaim Zagelbaum from Augenbaum Realty advocating for the tenant, while Mendel Sears and Mendel Jacobson from Tri State Commercial Realty represent the landlord in this leasing deal.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$131,834.61
Total Lease Value
$1,318,346.12
Net Landlord Cash Flow$131,834.61
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