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Signature Management Leases Retail Space To High Definition Kids Daycare Center On Linden Boulevard

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LEASED
$45

New York

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Retail6,000 SF
Leased 02/01/2025
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Property Image
LEASED

Signature Management Leases Retail Space To High Definition Kids Daycare Center On Linden Boulevard

623 Linden Boulevard

See Similar Deals
Retail6,000 SF
Leased 02/01/2025
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$45
Total Square Footage:6,000 SF
Transaction Type:Lease

The property involved in this transaction is a retail asset located at 623 Linden Boulevard in Brooklyn. The asking rent is set at $45 per square foot for a total area of 6,000 square feet. The lease agreement has a term length of 10 years and is classified as a Modified Gross Lease.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $45/ft
  • Square Footage: 6,000
  • Lease Term: 10 Years
  • Lease Type: Modified Gross Lease
  • Landlord: Signature Management
  • Tenant: High Definition Kids Daycare Center
  • Landlord's Representative: Moshe Akiva - Tri State Commercial Realty
  • Tenant's Representative: Victor Safenia - Tri State Commercial Realty

This transaction involved key individuals from Tri State Commercial Realty, with Moshe Akiva representing the landlord, Signature Management, while Victor Safenia represented the tenant, High Definition Kids Daycare Center. Their roles were crucial in facilitating this lease agreement in the Brooklyn market.

Players

24 deals$3.3M volume(212) 314-4684
BROKER

Details

LEASED
IMAGE: Victor Safenia & Moshe Akiva DATE: 02/01/2025 ADDRESS: 623 Linden Boulevard MARKET: Brooklyn ASSET TYPE: Retail LANDLORD: Signature Management TENANT: High Definition Kids Daycare Center LANDLORD'S REP: Moshe Akiva - Tri State Commercial Realty TENANT'S REP: Victor Safenia (@Victor_Safenia) - Tri State Commercial Realty (@TriStateCommercial) ASKING RENT: $45/ft ~ SF: 6,000 LEASE TERM: 10 Years LEASE TYPE: Modified Gross Lease

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Deal Type
Effective Rent (Annual)

$309,524.74

Total Lease Value

$3,095,247.41

Net Landlord Cash Flow$309,524.74