Tri State Commercial Realty is featured in traded article K9 Resorts Luxury Pet Hotel Leases Retail Space In Dumbo, Brooklyn
The property located at 295 Front Street in Dumbo, Brooklyn, is a retail asset with an asking rent of $42 per square foot and a total square footage of 16,187. The lease type for this property is a Single Net Lease, with a lease term of 15 years plus an additional 5 years. The landlord, Eliezer Breco, was represented by Frederick Betesh, Chandler Slate, and Eddie Keda from Tri State Commercial Realty. The tenant in this transaction was K9 Resorts Luxury Pet Hotel, represented by Raj Whadwa and Frank Dasaro from Global Realty Services.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not provided
- Address: 295 Front Street
- Market: Dumbo, Brooklyn
- Landlord: Eliezer Breco
- Tenant: K9 Resorts Luxury Pet Hotel
- Landlord’s Rep: Frederick Betesh, Chandler Slate, Eddie Keda – Tri State Commercial Realty
- Tenant’s Rep: Raj Whadwa & Frank Dasaro – Global Realty Services
- Asking Rent: $42/ft
- Lease Type: Single Net Lease
- Lease Term: 15 + 5 Years
295 Front Street, situated on the border of Vinegar Hill and DUMBO in Brooklyn, NY, was originally built as a factory in the early 1900s and later transformed into a 7-story office and retail building in 2018. The building spans 75,500 square feet across 7 floors and a lower level. Tri State Commercial Realty undertook the project in April 2022, taking on a previously vacant office building and helping the landlord optimize the space, resulting in nearly full occupancy.
To read more, click here: https://traded.co/deals/new-york/retail/lease/295-frost-street/