Nature’s Grill Signs Lease At Former Zaytoons In Carroll Gardens, Brooklyn
283 Smith Street, Carroll Gardens, Brooklyn, NY, USA
Building Size
800 SF
Asset Type
Mixed-use
Closing
Dec 5, 2018
About this deal
AI
The mixed-use property located at 283 Smith Street in Carroll Gardens, Brooklyn has been leased. The deal was brokered by Allie Beyda and Nicole Liebman from Hudson, who represented both the tenant, Nature’s Grill, and the landlord, 283 Smith Street LLC - Faried Assad. The lease was signed by the cafe, which was formerly occupied by Zaytoons. The property offers 800 square feet of indoor space and includes outdoor seating.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Date: 12/06/2018
- Address: 283 Smith Street, Carroll Gardens, Brooklyn
- Market: Carroll Gardens, Brooklyn
- Tenant: Nature’s Grill
- Landlord: 283 Smith Street LLC - Faried Assad
- Brokers: Allie Beyda, Nicole Liebman - Hudson (representing both landlord and tenant)
- Price per square foot: $125
- Indoor Square Footage: 800
- Outdoor Square Footage: Available
Players
New York 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93