204 4th Avenue
This is a well-structured single net lease transaction anchored by an investment-grade, publicly traded tenant (Intuit TurboTax), which substantially reduces credit and default risk for the landlord. The $150/SF asking rent in Gowanus is at the upper end of the submarket range for retail, reflecting the quality of the tenancy and the building's co-tenancy profile including Bank of America and NY Sports Club. Gowanus is an evolving Brooklyn submarket benefiting from rezoning activity and increasing foot traffic, though retail liquidity remains moderate and the neighborhood is still maturing relative to nearby Carroll Gardens and Park Slope. The leasing team from KSR and JLL are experienced NYC retail brokers with demonstrated deal volume, adding execution credibility. The single net lease structure limits landlord expense exposure, though the relatively small 2,600 SF footprint constrains total income and re-leasing optionality if TurboTax exits.
Deal Stats
Parties
Seller / Landlord
Avery Hall is a well-regarded Brooklyn-based developer and property owner known for mixed-use residential and ground-floor retail developments, particularly in emerging Brooklyn submarkets. Gindi Capital is an experienced NYC real estate investor and co-ownership partner with a diversified portfolio, and together they bring strong institutional credibility as landlords at this Gowanus address.
Buyer / Tenant
Intuit Inc. is a publicly traded, investment-grade financial software company (NASDAQ: INTU) with a multi-billion dollar market capitalization and strong credit profile, making TurboTax a highly desirable retail tenant with minimal default risk. Their decision to open a physical retail presence in Gowanus reflects a broader experiential retail strategy for tax preparation services.
Score Analysis
How to improve
The following actions could meaningfully improve this deal's Homage score. Each suggestion is based on the deal's profile, asset type, and current rating — addressing them before approaching a lender can increase approval likelihood and lower borrowing costs.
Strengthen sponsor track record documentation
Prior deal history and project completions directly improve track record score.
Clarify transaction structure
A clearly documented deal structure reduces perceived risk.
Provide updated rent roll or income documentation
Verified cash flow data improves confidence in asset performance.
Raw Deal Textclick to expand
Submit Growing Financial Partnerships For Over 30 Years. Get Started Deals New York Retail Lease 204 4th Avenue Intuit Turbo Tax Leases 2,600 SF Retail Space In Gowanus From Avery Hall & Gindi Capital LEASED $150 + 1 2,600 SF Leased 2 weeks ago the deal players comps contact related Summary NEW YORK Asset Type: Price Per Square Foot: Total Square Footage: Transaction Type: The property asset involved in this transaction is located at 204 4th Avenue in the Gowanus market. It is a retail space with an asking rent of $150 per square foot and has a total square footage of 2,600. The lease type is a Single Net Lease. Summary of transaction details: Property Type: Retail Transaction Amount: $150/ft Square Footage: 2,600 Address: 204 4th Avenue Market: Gowanus Landlord: Avery Hall & Gindi Capital Landlord's Representative: Freddy Souid, Jack Hamadani & Darren Kassin - KSR Tenant: Intuit Turbo Tax Tenant's Representative: Michael Remer - JLL Note from Landlord's Representative: We are pleased to have Intuit join Bank Of America & NY Sports Club in this building. We have additional space remaining. This transaction features representation from KSR, with Freddy Souid, Jack Hamadani, and Darren Kassin representing the landlord, while Michael Remer from JLL represents the tenant. The collaboration highlights the efforts of both parties in securing this lease for Intuit Turbo Tax within a competitive retail environment. See More Players All Brokers Jack Hamadani 45 deals (718) 415-0095 BROKER Michael Remer 2 deals (646) 531-2594 Freddy Souid 27 deals $2.7M volume (917) 968-0329 Darren Kassin 3 deals (917) 684-7271 Details Deal Summary IMAGE: Freddy Souid, Ralph Gindi, Jack Hamadani & Darren Kassin DATE: 5/14/2026 ADDRESS: 204 4th Avenue MARKET: Gowanus ASSET TYPE: Retail LANDLORD: Avery Hall & Gindi Capital - Ralph Gindi TENANT: Intuit Turbo Tax LANDLORD'S REP: Freddy Souid (@Freddy_Souid15), Jack Hamadani (@JackHamadani) & Darren Kassin (@DarrenKassin_) - KSR (@Kassin_Sabbagh_Realty) TENANT'S REP: Michael Remer - JLL (@JLL) ASKING RENT: $150/ft ~ SF: 2,600 LEASE TYPE: Single Net Lease NOTE FROM LANDLORD'S REP: We are pleased to have Intuit join Bank Of America & NY Sports Club in this building. We have additional space remaining. Please reach out to further discuss: Freddys@ksrny.com Jhamadani@ksrny.com Dkassin@ksrny.com Email New York | @tradedny Contact Get in touch with the broker you want Select Brokers Jack Hamadani, Michael Remer, Freddy Souid, Darren Kassin Name Phone (optional) Message I'm an agent Similar Tenants These are similar tenants of Retail properties in this price range bas Unlock All Profiles Unlimited deal views Access investor profiles & contacts Exclusive comps & market data These are similar brokers based on this deal Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map. NEW! Search No recent news available for this market No active listings available for this market Suggestions Analyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results. Deal Type SALE LOAN LEASE Property Size (sq ft) Rent per Square Foot (Annual) Lease Term (Years) Annual Escalation (%) Lease Type NNN (Triple Net) Free Rent Period (Months) Reset Effective Rent (Annual) $447,091.29 Total Lease Value $4,470,912.93 Net Landlord Cash Flow Is there something missing? Send suggestions We are telling CRE's story Traded is the #1 source for cutting edge CRE transactions & insights. States National Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming News Agents Agencies About About Us FAQ Testimonials Help Help Center Return Policy © 2026 Traded Media LLC . All rights reserved. Terms & Conditions Privacy Disclaimer Cookie Policy Do Not Sell My Info Acceptable Use