- Multi-family property consisting of 8 units
- Represented the seller
1259 Lincoln Pl, Brooklyn, NY 11213
Additional Information
| City | Brooklyn |
|---|---|
| Broker | Mark Akilov, Yuriy Ustoyev |
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Remarks at Closing:
– Closed for 5.1% CAP
– AT&T has been a tenant for 15 years
– Recently completed a 10-year term and 5-year option ending in Dec. 2017 & has renewed early and requested (2) 3-year extensions on existing renewals
– Tenant has done a complete interior renovation and is strongly committed to the site
– High traffic busy corner location, many national retailers located nearby, out-parcel to a larger center
– Landlord pays taxes/CAM and 100% reimbursed by tenant. LL responsible for roof/structure -
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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- Multi-Family building consisting of 6 units
- Represented both the seller and buyer
