Shulem Herman Leases 38,000 SF Retail Space At 199 Starr Street To Bk Padel

The property at 199 Starr Street in Brooklyn is a retail asset featuring an asking rent of $34 per square foot and a total square footage of 38,000. The lease term is set for 10 years under a Modified Gross Lease structure.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $34/ft
• Address: 199 Starr Street
• Market: Brooklyn
• Landlord: Shulem Herman
• Tenant: Bk Padel
• Landlord's Representative: Fredy Halabi - Tri State Commercial Realty
• Tenant's Representative: Robert Etropolsky - Tungsten Property
• Lease Term: 10 years
• Lease Type: Modified Gross Lease
• Square Footage: 38,000
• Ground Floor: 18,600 SF
• Mezzanine: 1,200 SF
• Rooftop: 18,000 SF

The lease represents a repositioning of the previously vacant and distressed 199 Starr Street into a long-term retail space with Bk Padel. The deal reflects an ongoing demand for large-scale, nontraditional retail spaces, highlighting the transformative redevelopment efforts including substantial ceiling heights and an activated rooftop space. The collaboration between Fredy Halabi and Robert Etropolsky contributed to a smooth co-broke transaction.