RentACenter Leases Multifamily Space In Williamsburg, Brooklyn
100 Manhattan Avenue, Southside, Brooklyn, NY, USA
Building Size
3,000 SF
Asset Type
Mixed-use
Closing
Mar 8, 2021
AI
A multifamily property located at 100 Manhattan Avenue in Williamsburg, Brooklyn has been leased. The tenant, RentACenter, has entered into a lease agreement with the landlord, Shlomo Erenreich. The lease was facilitated by brokers Dov Bleich and Avi Akiva from TriState Commercial. The property offers approximately 3,000 square feet of space.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: Lease
- Address: 100 Manhattan Avenue, Williamsburg, Brooklyn
- Tenant: RentACenter
- Landlord: Shlomo Erenreich
- Brokers: Dov Bleich and Avi Akiva from TriState Commercial
- Asking Rent: $60/ft.
Dov Bleich and Avi Akiva from TriState Commercial represented both the tenant, RentACenter, and the landlord, Shlomo Erenreich, in this lease transaction.
Players
Brooklyn Mixed-use Market Snapshot
Boundary boundary · Mixed-use · 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