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
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