Commerz Real AG Leases Retail Space To Pickle1 At 100 Pearl Street Brooklyn
LEASED
$125
New York
See Similar DealsRetail5,060 SF
Leased 10/29/2024
LEASED
Commerz Real AG Leases Retail Space To Pickle1 At 100 Pearl Street Brooklyn
100 Pearl Street
See Similar DealsRetail5,060 SF
Leased 10/29/2024
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$125
Total Square Footage:5,060 SF
Transaction Type:Lease
The property involved in this transaction is a retail asset located at 100 Pearl Street in the Financial District. The lease covers a space of 5,060 square feet with an asking rent of $125 per square foot. The lease type is classified as a Modified Gross Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $125/ft
- Lease Type: Modified Gross Lease
- Landlord: Commerz Real AG
- Tenant: Pickle1
- Landlord's Representative: Andrew Taub - Newmark
- Tenant's Representatives: Emre Bozkurt & Steven Evans - Platinum Properties
The transaction involves key representatives from both the landlord and tenant sides. Andrew Taub, associated with Newmark, represents Commerz Real AG, while Emre Bozkurt and Steven Evans from Platinum Properties represent the tenant, Pickle1. Their involvement ensures a structured negotiation in the leasing process.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$725,090.37
Total Lease Value
$7,250,903.66
Net Landlord Cash Flow$725,090.37
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