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Caffè Panna To Open Second NYC Location In Greenpoint, Brooklyn At 34 Norman Avenue

Property Image
LEASED
$85
Evan Clements
Amanda Keller
+ 2

Queensland

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Retail4,700 SF
Leased 08/10/2023
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Property Image
LEASED

Caffè Panna To Open Second NYC Location In Greenpoint, Brooklyn At 34 Norman Avenue

34 Norman Ave Brooklyn, Ny 11222, Usa

See Similar Deals
Retail4,700 SF
Leased 08/10/2023
Evan Clements
Amanda Keller
+ 2
Contact now

Summary

Asset Type:Retail
Price Per Square Foot:$85
Total Square Footage:4,700 SF
Transaction Type:Lease

Caffè Panna, an Italian-style ice cream brand, is set to open its second NYC location in Greenpoint, Brooklyn at 34 Norman Avenue. The retail space, spanning 4,700 square feet, will be leased by Caffè Panna from landlord Orin Portnoy.

Summary of transaction details

Caffè Panna selected the Greenpoint location for its second NYC outpost, joining the vibrant Brooklyn neighborhood. The lease transaction was facilitated by landlord representatives Amanda Keller, Austin Knief, and Evan Clements from Atlantic Retail, and tenant representatives Alex Yanoff and Taryn Brandes from Brand Urban.

Players

Amanda Keller
2 deals(212) 741-2500
BROKER

Evan Clements
Atlantic Retail
10 deals$6.3M volume
BROKER

Austin Knief
Atlantic Retail
6 deals$6.3M volume
BROKER


Details

LEASED
IMAGE: Evan Clements, Amanda Keller, Austin Knief, Alex Yanoff & Taryn Brandes DATE: 08/10/2023 ADDRESS: 34 Norman Avenue MARKET: Greenpoint, Brooklyn ASSET TYPE: Retail LANDLORD: Orin Portnoy TENANT: Caffè Panna LANDLORD'S REP: Amanda Keller, Austin Knief (@AK9592) & Evan Clements - Atlantic Retail TENANT'S REP: Alex Yanoff & Taryn Brandes - Brand Urban ASKING RENT: $85/ft ~ SF: 4,700 NOTE: Caffè Panna, an Italian-style ice cream brand, is set to open its second NYC location in Greenpoint, Brooklyn at 34 Norman Avenue. èPanna

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Deal Type
Effective Rent (Annual)

$457,981.98

Total Lease Value

$4,579,819.78

Net Landlord Cash Flow$457,981.98