Velvet Salon Leases Mixed-Use Space At 164 Havemeyer Street Brooklyn For $60 Per Foot
164 Havemeyer Street
$60
$60/SF
Building Size
1,600 SF
Asset Type
Mixed-use
Closing
Apr 26, 2026
AI
The property involved in this transaction is a mixed-use asset located at 164 Havemeyer Street, situated in the Brooklyn market. The lease is structured as a modified gross lease, with an asking rent set at $60 per square foot for a total area of 1,600 square feet.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $96,000
- Landlord: Palladium Property Group
- Tenant: Velvet Salon
- Broker: Meyer Dagmy - MOD
This deal involved key representatives who facilitated the transaction, highlighting the roles of Palladium Property Group as the landlord and Meyer Dagmy from MOD representing the leasing process on behalf of Velvet Salon as the tenant.
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
264383.33%
Cash-on-Cash
-75561.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93