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66 N 3rd St, Brooklyn, Ny 1...

Casper Signs Lease For Retail Condo In Williamsburg, Brooklyn
LEASEDRetail

Casper Signs Lease For Retail Condo In Williamsburg, Brooklyn

66 N 3rd St, Brooklyn, Ny 11249, Usa

Building Size

4,202 SF

Asset Type

Retail

Closing

Jun 2, 2020

AI

The retail condo located at 66 N. 3rd Street in Williamsburg has recently undergone a transaction. The property spans 4,202 square feet and was acquired by tenant Casper. The landlord, David Dweck, facilitated the deal with the assistance of his representatives, Ralph Hanan and Brett Weinblatt from Compass Commercial NYC. The asking rent for the retail space was set at $120.

Summary of transaction details

  • Property Type: Retail Condo
  • Transaction Amount: Not specified
  • Tenant: Casper
  • Landlord: David Dweck
  • Landlord's Representative: Ralph Hanan, Brett Weinblatt from Compass Commercial NYC
  • Tenant's Representative: Mitchell Dearman
  • Address: 66 N. 3rd Street
  • Market: Williamsburg
  • Asking Rent: $120
  • Square Footage: 4,202

This transaction highlights the collaboration between tenant Casper and landlord David Dweck. The deal was facilitated by Mitchell Dearman as the tenant's representative. Ralph Hanan and Brett Weinblatt from Compass Commercial NYC represented the landlord in the negotiation process. This successful transaction demonstrates the continued growth and activity in Williamsburg's retail market.

Players

David Dweck

Landlord

$19.1M

vol

2 deals

Landlord

Brooklyn Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93