TheRealReal Leases Flagship Location In Cobble Hill, Brooklyn From Joseph Hamway - Industrie Capital Partners
163 Court Street, Brooklyn, NY, USA
Building Size
2,500 SF
Asset Type
Mixed-use
Closing
Dec 31, 2020
About this deal
AI
The RealReal, an online luxury consignment store, has leased a new flagship location in Brooklyn. The mixed-use property is located at 163 Court Street in the Cobble Hill neighborhood. The lease transaction was finalized on January 1, 2021.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Date: January 1, 2021
- Address: 163 Court Street, Cobble Hill, Brooklyn
- Tenant: The RealReal
- Landlord: Joseph Hamway - Industrie Capital Partners
- Asking Rent: $165 per square foot
- Lease Size: 2,500 square feet
The RealReal's new store will serve as their flagship location in Brooklyn. For more information about the lease, contact Joseph Hamway at [email protected].
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Lease transactions
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Deal FAQ
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