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164 Havemeyer Street

Velvet Salon Leases Mixed-Use Space At 164 Havemeyer Street Brooklyn For $60 Per Foot
LEASEDMixed-use

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

Meyer Dagmy
Verified Badge

Meyer Dagmy

MOD

Broker

$5.5M

vol

90 deals

Broker
PG
Palladium Property GroupLandlord

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