Kaberx Inc Leases Retail Space At 1601 Surf Avenue Coney Island From BFC Partners
LEASED
$38
New York
See Similar DealsRetail2,500 SF
Leased 07/26/2024
LEASED
Kaberx Inc Leases Retail Space At 1601 Surf Avenue Coney Island From BFC Partners
1601 Surf Avenue
See Similar DealsRetail2,500 SF
Leased 07/26/2024
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$38
Total Square Footage:2,500 SF
Transaction Type:Lease
The property asset involved in this transaction is a retail space located at 1601 Surf Avenue in the Coney Island market. The leased space encompasses 2,500 square feet, with an asking rent set at $48 per square foot. The lease type is a Modified Gross Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $48/ft
- Address: 1601 Surf Avenue
- Market: Coney Island
- Landlord: BFC Partners
- Tenant: Kaberx Inc
- Square Footage: 2,500
- Brokers: Victor Safenia & Moshe Akiva - Tri State Commercial Realty
This transaction involved key representatives from Tri State Commercial Realty, specifically brokers Victor Safenia and Moshe Akiva, who facilitated the deal between the landlord, BFC Partners, and the tenant, Kaberx Inc.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$108,906.85
Total Lease Value
$1,089,068.53
Net Landlord Cash Flow$108,906.85
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