facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New Jersey

/

Retail

/

Lease

/

5 Easton Ave, New Brunswick...

Updated Oct 29, 2024

Redd’s Biergarten Restaurant Leases Retail Space In New Brunswick For 7372 Sq Ft
LEASEDRetail

Redd’s Biergarten Restaurant Leases Retail Space In New Brunswick For 7372 Sq Ft

5 Easton Ave, New Brunswick, NJ, 089...

Building Size

7,372 SF

Asset Type

Retail

Closing

Oct 3, 2019

About this deal

AI

The retail lease at 5 Easton Ave, New Brunswick, NJ, spanning 7,372 square feet, was successfully negotiated for Redd’s Biergarten Restaurant. Situated in New Brunswick's market, the restaurant specializes in German cuisine and beer, offering a casual atmosphere with long communal tables and an outdoor biergarten.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not Applicable
  • Tenant: Redd’s Biergarten Restaurant
  • Address: 5 Easton Ave, New Brunswick, NJ
  • Market: New Brunswick
  • Tenant's Rep: Lew Finkelstein (The Goldstein Group)
  • Landlord: Parking Authority City of New Brunswick
  • Square Feet: 7372

Lew Finkelstein and C.J. Huter of The Goldstein Group represented Redd’s in the lease negotiations, showcasing expertise in securing the ideal space for their client. On the other side, Greg Medvin of Pierson Commercial Real Estate acted on behalf of the landlord, the Parking Authority City of New Brunswick, facilitating a successful conclusion to the lease agreement.

Players

Lew Finkelstein

VanRockCRE

Broker

$125.9M

vol

31 deals

Broker

New Brunswick Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

Deal FAQ

Visit Lew Finkelstein to view all their deals.

Browse New Jersey retail leases on Traded.

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

More Deals

Nearby Markets