Jack Terzi Of JTRE Holdings Leases Retail Space To Altitude NY At 807 Manhattan Avenue
LEASED
$1,200,000
New York
See Similar DealsRetail12,000 SF
Leased
LEASED
Jack Terzi Of JTRE Holdings Leases Retail Space To Altitude NY At 807 Manhattan Avenue
807 Manhattan Avenue
See Similar DealsRetail12,000 SF
Leased
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$1200000
Total Square Footage:12000 SF
Transaction Type:Lease
The property asset involved in this transaction is a retail space located at 807 Manhattan Avenue in Brooklyn. The property features a total square footage of 12,000 and was leased under a NNN Lease for a period of 10 years. The asking rent for this asset is set at $110 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $110/ft
- Lease Term: 10 Years
- Lease Type: NNN Lease
- Landlord: Jack Terzi - JTRE Holdings
- Tenant: Altitude NY – Licensed Legal Dispensary
Key individuals in this transaction include Jack Terzi, representing JTRE Holdings as the landlord, and Altitude NY, which is the tenant, operating as a licensed legal dispensary in this retail space. Their involvement establishes the key parties behind this leasing agreement.
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$16,507,986,208.52
Total Lease Value
$165,079,862,085.18
Net Landlord Cash Flow$16,507,986,208.52
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