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Details: AssetCRG handled this sale transaction in which the building owner needed a quick sale in a timely and professional matter. AssetCRG represented the purchaser, a developer, who saw the analyzed value and potential and engaged in a quick all-cash transaction. The building is roughly 35,000 square feet. AssetCRG subsequently leased the building to two national tenants: Children of America and Retro Fitness.
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Asset Commercial Realty Group (“AssetCRG”) represented the landlord exclusively and Joseph Mastov, Director of Asset Commerical Realty Group, represented Arby’s to occupy the ground floor which will be a built to suit drive-thru, taking approximately 2,800 SF. Asset Commercial Realty group facilitated a 15-year lease with options.
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AssetCRG has successfully leased out 42-28 Bell Boulevard for a 10-year lease with 5-year option. The 1,200SF space was leased to SnowdaysNYC. They are currently located in 5 locations and are working on their 6th location in Los Angles, California
Our strong relationships with national retailers & office tenants, the broader real estate community, brokers, contractors, architects, engineers, attorneys, and local municipalities offer significant benefits to property owners. We're proud to provide the most comprehensive investment sales, leasing, and property management services across Metropolitan New York and Long Island.
Recent Activity
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481 Monroe Street, Bedford-Stuyvesant, Brooklyn | Development | $1,499,000
$1,499,000.00
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520 Broad Street | Downtown Newark, New Jersey | 45,000+ Retail or Office for Lease
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633 Court Street | Red Hook, Brooklyn | 4,000 SF of Flex Space for Lease
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102-16 Liberty Avenue, Ozone Park, Queens | Retail | $13,380,000
$13,380,000.00
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611 Classon Avenue, Crown Heights, Brooklyn | Development | $750,000
$750,000.00