- Development site
- Represented seller
- Confidential price
227/229/231/233 9th St, Brooklyn, NY 11215
Additional Information
| City | Brooklyn |
|---|---|
| Broker | Mark Akilov, Yuriy Ustoyev |
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Asset Commercial successfully singed its third deal with the Learning Experience as Tenant. The subject property, a former Synagogue, is planned to be redeveloped into a mixed use, residential and community facility, property. Ground breaking is scheduled to start in Q1, 2018. The project should complete within 18 months of commencement.
Other sites done with TLE:
- TLE @ Medford
- TLE @ Bayside
- TLE @ Bellrose
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- Re-development site
- Represented the buyer
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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
