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
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