Modified Gross
A modified gross lease
is a lease structure where both the landlord and the tenant are responsible for paying a property’s operating expenses. The specific operating expenses paid by a tenant or a landlord under a modified gross lease can and do vary widely.
Prime Retail/Flex Opportunity in Williamsburg – 88 S 8th Street
Discover a rare leasing opportunity at 88 S 8th Street, a standalone 1,650 SF commercial building nestled in the heart of South Williamsburg. This versatile space boasts 12+ foot ceilings and is illuminated by three expansive skylights, creating an inviting atmosphere ideal for boutique retail, creative studios, or specialty showrooms.
Property Highlights:
Size: 1,650 SF
Ceiling Height: 12+ feet
Natural Light: Windows on french doors
Availability: Immediate
Lease Terms: Flexible; Modified Gross
Monthly Rent: $7,000
Amenities: Private restroom, HVAC
Location Advantages:
Situated between Wythe Avenue and Berry Street, this property is surrounded by luxury residential developments and a vibrant mix of dining and retail establishments. Its prime corner position ensures excellent visibility and foot traffic.
Transportation:
Subway Access: Close proximity to Marcy Avenue (J/M/Z lines) and Bedford Avenue (L line) stations
Ferry Access: Two blocks from the South Williamsburg Ferry stop
Modified Gross
A modified gross lease
is a lease structure where both the landlord and the tenant are responsible for paying a property’s operating expenses. The specific operating expenses paid by a tenant or a landlord under a modified gross lease can and do vary widely.