Updated Aug 25, 2026
Reda Family Leases 10,000 SF Industrial Space At 143 And 147 Conover Street For $19/ft
143 Conover Street & 147 Conover Street
$19
$19/SF
Building Size
10,000 SF
Asset Type
Industrial
Closing
Aug 14, 2026
About this deal
AI
The property involved in this lease transaction is an industrial asset located at 143 Conover Street & 147 Conover Street in Brooklyn. The total square footage of the space is 10,000 square feet, with an asking rent of $19 per square foot. The lease type is a Double Net Lease.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $19/ft
- Address: 143 Conover Street & 147 Conover Street
- Market: Brooklyn
- Landlord: Yemyashev Family
- Tenant: Reda Family
- Broker: Bobby Lawrence - Matthews
In this transaction, the Yemyashev Family represents the landlord, while the tenant, Reda Family, is entering into this leasing agreement with a broker involvement from Bobby Lawrence of Matthews, facilitating the deal.
Players
Brooklyn Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
834894.74%
Cash-on-Cash
-238615.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93