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Chested Of Flatbush Leases Retail Space At 1251 Coney Island Avenue In Brooklyn For $50/SF

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LEASED
$50

New York

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Retail2,300 SF
Leased 03/18/2025
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Property Image
LEASED

Chested Of Flatbush Leases Retail Space At 1251 Coney Island Avenue In Brooklyn For $50/SF

1251 Coney Island Avenue

See Similar Deals
Retail2,300 SF
Leased 03/18/2025
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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:

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.

Players

Mendel Jacobson
6 deals$6.3M volume(929) 417-6864
BROKER

Chaim Zagelbaum
Augenbaum Realty
7 deals
BROKER

Details

LEASED
IMAGE: Mendel Sears, Mendel Jacobson, Josh Augenbaum & Chaim Zagelbaum DATE: 03/18/2025 ADDRESS: 1251 Coney Island Avenue MARKET: Brooklyn ASSET TYPE: Retail LANDLORD: Shea Hecht-1251 Coney Island Avenue Realty TENANT: Chested of Flatbush LANDLORD'S REP: Mendel Sears (@MendelSears) & Mendel Jacobson (@MendelJake) - Tri State Commercial Realty (@TriStateCommercial) TENANT'S REP: Chaim Zagelbaum & Josh Augenbaum - Augenbaum Realty (@AugenbaumRealtyNY) ASKING RENT: $50/ft ~ SF: 2,300 LEASE TERM: 60 months LEASE TYPE: Modified Gross Lease NOTE FROM BROKER: SF Leased: 2,300 + parking

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Deal Type
Effective Rent (Annual)

$131,834.61

Total Lease Value

$1,318,346.12

Net Landlord Cash Flow$131,834.61