Montague Diner Lease Closed By Michael Zats & Lior Cohen In Brooklyn Heights
148 Montague Street
$120
$120/SF
Building Size
1,600 SF
Asset Type
Mixed-use
Closing
Mar 11, 2024
AI
The mixed-use property located at 148 Montague Street in Brooklyn Heights has been leased out. The property spans 1,600 square feet and the lease was signed at an asking rent of $120 per square foot.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: Not specified
- Address: 148 Montague Street
- Market: Brooklyn Heights
- Landlord: Harkavy Family
- Tenant: Montague Diner - Gabriel Nussbaum
- Brokers: Michael Zats & Lior Cohen - Brooklyn Heights Real Estate
- Lease Type: Retail Lease
Congratulations to Montague Diner on securing the lease. The diner was designed by Movie People. For those interested in exploring further opportunities in Brooklyn Heights, whether as a tenant or landlord, reach out to Brooklyn Heights Real Estate at www.bhre.com.
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
132191.67%
Cash-on-Cash
-37780.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93