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Mito Asian Fusion Leases Retail Space At 280 Ashland Place From Jonathan Rose Companies In Brooklyn

Property Image
LEASED
$125
Richard Bailey
Alan Schmerzler
+ 2

New York

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Retail2,387 SF
Leased 12/01/2024
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Property Image
LEASED

Mito Asian Fusion Leases Retail Space At 280 Ashland Place From Jonathan Rose Companies In Brooklyn

280 Ashland Place

See Similar Deals
Retail2,387 SF
Leased 12/01/2024
Richard Bailey
Alan Schmerzler
+ 2
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$125
Total Square Footage:2,387 SF
Transaction Type:Lease

The retail property located at 280 Ashland Place in Brooklyn features a lease with an asking rent of $125 per square foot, encompassing a total of 2,387 square feet. This location is poised to benefit from its placement in a vibrant market known for its bustling dining scene.

Summary of transaction details:

The transaction involved multiple representatives where Alan Schmerzler, Mitzi Flexer, and Catherine Merck represented the landlord, while Richard Bailey and Steven Shamula represented the tenant. A note from the tenant's representative highlights their enthusiasm about Mito Asian Fusion's new opening in Fort Greene and encourages potential opportunities to connect via email.

Players

Richard Bailey
14 deals(917) 969-8380
BROKER

Mitzi Flexer
Cushman & Wakefield
7 deals$4.4M volume
BROKER

Alan Schmerzler
Cushman & Wakefield
9 deals
BROKER

Catherine Merck
Cushman & Wakefield
6 deals
BROKER

Steven Shamula
RJBRE
3 deals
BROKER

Details

LEASED
IMAGE: Mitzi Flexer, Richard Bailey, Alan Schmerzler, Steven Shamula & Catherine Merck DATE: 12/01/2024 ADDRESS: 280 Ashland Place MARKET: Brooklyn ASSET TYPE: Retail LANDLORD: Jonathan Rose Companies TENANT: Mito Asian Fusion LANDLORD'S REP: Alan Schmerzler, Mitzi Flexer (@MFlexNYC) & Catherine Merck - Cushman & Wakefield (@CushWake) TENANT'S REP: Richard Bailey (@RichBail) & Steven Shamula (@StevenShamula) - RJBRE (@RJBRE_) ASKING RENT: $125/ft ~ SF: 2,387 LEASE TERM: 15 years LEASE TYPE: Retail Lease NOTE FROM TENANT'S REP: We’re excited to announce that Mito Asian Fusion is opening a new location at 280 Ashland Place in the heart of Fort Greene, Brooklyn! Known for its dynamic dining scene and vibrant culture, Fort Greene is the perfect match for Mito’s signature style and cuisine. Mito is always seeking new opportunities, so if you have something in mind, please reach out to [email protected]

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Deal Type
Effective Rent (Annual)

$342,053.50

Total Lease Value

$3,420,534.99

Net Landlord Cash Flow$342,053.50