Red Moon Wellness Signs 10 Year Lease At 459 Fifth Avenue Brooklyn For $150,000

The property asset involved in this transaction is a retail space located at 459 Fifth Avenue - 2nd Floor in Brooklyn. The lease agreement spans 3,000 square feet at an asking rent of $50 per square foot, structured under a modified gross lease for a term of 10 years.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $50/ft
• Square Footage: 3,000
• Address: 459 Fifth Avenue - 2nd Floor
• Market: Brooklyn
• Landlord: RJ Capital Holdings
• Tenant: Red Moon Wellness
• Landlord's Representative: Michael Elkharrat - Tri State Commercial Realty
• Tenant's Representative: Moshe Akiva - Momentum Realty Group
• Lease Term: 10 Years
• Lease Type: Modified Gross Lease

This lease transaction highlights the involvement of key representatives in the deal. Michael Elkharrat from Tri State Commercial Realty represents the landlord, RJ Capital Holdings, while Moshe Akiva from Momentum Realty Group represents the tenant, Red Moon Wellness, facilitating their interests in securing the lease.