Nudie Jeans Leases Retail Space At 116 Bedford Avenue In Williamsburg, Brooklyn
116 Bedford Avenue
$125
$125/SF
Building Size
2,300 SF
Asset Type
Mixed-use
Closing
May 31, 2022
AI
Located at 116 Bedford Avenue in Williamsburg BK, the property is a 2,300 SF retail space leased by Nudie Jeans from landlord 1193 Bergen LLC. The lease was signed on 05/31/2022 at a rate of $125 PSF.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not Applicable
- Tenant: Nudie Jeans
- Landlord: 1193 Bergen LLC
- Address: 116 Bedford Avenue
- Market: Williamsburg BK
- Broker: Jeff Zheng, Kevin West - Meridian Capital Group
- Rent/SF: $125 PSF
- Square Feet: 2,300 SF
Jeff Zheng and Kevin West, representing Meridian Capital Group, facilitated the leasing deal between Nudie Jeans and landlord 1193 Bergen LLC for the retail space located at 116 Bedford Avenue. The transaction, completed on 05/31/2022, showcased their expertise in the Williamsburg BK market.
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
126904.00%
Cash-on-Cash
-36269.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93