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257 Water Street

Bagel & More Leases Retail Space In Seaport District For $110/ft
LEASEDMixed-use

Bagel & More Leases Retail Space In Seaport District For $110/ft

257 Water Street

$110

$110/SF

Building Size

1,400 SF

Asset Type

Mixed-use

Closing

Feb 1, 2024

AI

The retail property located at 257 Water Street in the Seaport District was recently leased. The property spans 1,400 square feet with an asking rent of $110 per square foot. The landlord of the retail space is REDA Holdings, represented by Sivan Aharon. The new tenant that secured the lease is Bagel & More. The transaction was facilitated by Carolina Aziz, Madeleine Soffer, Ike Bibi, and Jordan Raphan from KSR.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 257 Water Street
  • Market: Seaport District
  • Landlord: REDA Holdings - Sivan Aharon
  • Tenant: Bagel & More
  • Brokers: Carolina Aziz, Madeleine Soffer, Ike Bibi, & Jordan Raphan - KSR
  • Asking Rent: $110/ft
  • Square Footage: 1,400
  • Lease Type: Retail Lease

The deal involved the cooperation of the landlord, REDA Holdings, and the new tenant, Bagel & More. Representing each party were Carolina Aziz, Madeleine Soffer, Ike Bibi, and Jordan Raphan from KSR. The successful deal highlights the collaborative efforts of the key individuals and companies involved in the leasing transaction at 257 Water Street in the Seaport District.

Players

Ike Bibi

Kassin Sabbagh Realty

Broker

$274.3M

vol

125 deals

Broker

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

144209.09%

Cash-on-Cash

-41215.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93