Brooklyn, NY DJK Residential agent Nailah Graves-Manns recently closed on the $315,000 sale of a coffee shop at 144 Decatur St. in Bed-Stuy. Previously known as Brunswick Café and owned by Australian restauranteur Alexander Hall, the restaurant was purchased by Nailah’s clients Ricci Leonce and Pamela Atkins below asking price and is now called Sumner Café. The space consists of 1,200 s/f plus basement.
In another deal, Graves-Manns found tenants for 277 Malcom X Blvd., now a juice bar called Juices for Life owned by radio personalities DJ Envy and Angela Lee from the national morning show “The Breakfast Club.”
The landlord c34 Legacy, LLC, who owns several buildings in the neighborhood, was looking for a long-term tenant in hope of rejuvenating the area. The space consists of 1,000 s/f plus yard and basement. The lease term is 10 years with extension.
Shonette Yearwood of Compass also assisted Graves-Manns as tenant broker in the deal.
What noteworthy transactions or deals from this year best exemplified key market trends or shifts? I would like to say there was an outstanding transaction for me this past year but 2024 was more a culmination of long-term relationships, most of which continued to transact. Deals were smaller in many cases but we saw robust leasing both on the agency side as well as on the tenant side.