Smile Space Leases Retail Space At 557 Atlantic Avenue Brooklyn With 10 Year Term At $75/ft

This retail asset is located at 557 Atlantic Avenue, Brooklyn, with a lease term of 10 years under a modified gross lease agreement. The asking rent for the space is set at $75 per square foot for a total area of 2,500 square feet.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $75/ft
• Lease Term: 10 Years
• Lease Type: Modified Gross Lease
• Landlord: Times Plaza Management
• Tenant: Smile Space
• Landlord's Representative: Evan Schuckman - Ripco
• Tenant's Representatives: Moshe Akiva & Victor Safenia - Momentum Realty Group

The landlord is represented by Evan Schuckman from Ripco, while the tenant Smile Space is represented by the team of Moshe Akiva and Victor Safenia from Momentum Realty Group, reflecting their collaboration in this closed lease transaction.