Oscar Delavilla Leases Retail Space At 39 Norman Avenue Brooklyn To Anthony Patti For 10 Years
LEASED
$105
New York
See Similar DealsRetail9,500 SF
Leased 04/01/2025
LEASED
Oscar Delavilla Leases Retail Space At 39 Norman Avenue Brooklyn To Anthony Patti For 10 Years
39 Norman Avenue
See Similar DealsRetail9,500 SF
Leased 04/01/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$105
Total Square Footage:9,500 SF
Transaction Type:Lease
A retail lease transaction has taken place involving a property located at 39 Norman Avenue in Brooklyn. The asking rent for the asset is $100 per square foot for a total space of 9,500 square feet. This lease has been structured as a triple net (NNN) lease with a term duration of 10 years.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $100/ft
- Lease Term: 10 Years
- Lease Type: NNN Lease
- Landlord: Oscar Delavilla
- Tenant: Anthony Patti
- Brokers: Vincent Lopez & Jacques Wadler - Knickerbocker Realty Group
The transaction involved key representatives in the real estate sector, specifically brokers Vincent Lopez and Jacques Wadler from Knickerbocker Realty Group, who have facilitated this deal. Their expertise in the market has contributed to the successful execution of this lease agreement.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$1,143,521.96
Total Lease Value
$11,435,219.61
Net Landlord Cash Flow$1,143,521.96
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