Double U Realty Leases Retail Space To Skyzone At 29 Wythe Avenue Brooklyn For $60/ft
LEASED
$60
New York
See Similar DealsRetail29,295 SF
Leased
LEASED
Double U Realty Leases Retail Space To Skyzone At 29 Wythe Avenue Brooklyn For $60/ft
29 Wythe Avenue
See Similar DealsRetail29,295 SF
Leased
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$60
Total Square Footage:29295 SF
Transaction Type:Lease
The asset involved in this lease transaction is a retail property located at 29 Wythe Avenue in Brooklyn. The total square footage of the property is 29,295 square feet, with an asking rent of $60 per square foot. The lease type is classified as a Single Net Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $60/ft
- Landlord: Double U Realty
- Tenant: Skyzone
- Landlord's Representative: Fritz Kemerling - AMP Solutions
- Tenant's Representative: William Cafero - Charter Realty
The transaction highlights the role of Fritz Kemerling representing Double U Realty and William Cafero representing Skyzone. Their involvement was crucial in facilitating this leasing arrangement for the retail space.
Players
LANDLORD
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$2,015,006.07
Total Lease Value
$20,150,060.67
Net Landlord Cash Flow$2,015,006.07
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