Morris Tobias Brokers Retail Lease Deal In Brooklyn For Selective Essential
LEASED
$125
New York
See Similar DealsRetail1,050 SF
Leased 05/05/2024
LEASED
Morris Tobias Brokers Retail Lease Deal In Brooklyn For Selective Essential
329 Wyckoff Street
See Similar DealsRetail1,050 SF
Leased 05/05/2024
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$125
Total Square Footage:1,050 SF
Transaction Type:Lease
The property at 329 Wyckoff Street in Brooklyn, recently leased, is a retail space spanning 1,050 square feet. The transaction was facilitated by Morris Tobias from BH Realty, representing the landlord, Stanley Chera, and the tenant, Selective Essential. The lease was signed at an asking rent of $125 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not Applicable
- Address: 329 Wyckoff Street
- Market: Brooklyn
- Landlord: Stanley Chera
- Tenant: Selective Essential
- Broker: Morris Tobias - BH Realty
- Asking Rent: $125/ft.
- Square Footage: 1,050
Morris Tobias from BH Realty played a key role as the broker in this transaction, effectively representing both the landlord, Stanley Chera, and the tenant, Selective Essential. The successful lease agreement highlights the importance of having a skilled and experienced broker to facilitate real estate deals in the competitive Brooklyn market.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$150,463.42
Total Lease Value
$1,504,634.16
Net Landlord Cash Flow$150,463.42
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