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296 Bedford Avenue

TSwirl Crepe Leases Mixed-Use Space At 296 Bedford Avenue In Williamsburg, Brooklyn
LEASEDMixed-use

TSwirl Crepe Leases Mixed-Use Space At 296 Bedford Avenue In Williamsburg, Brooklyn

296 Bedford Avenue

$230

$230/SF

Building Size

475 SF

Asset Type

Mixed-use

Closing

Oct 15, 2023

AI

The mixed-use property located at 296 Bedford Avenue in Williamsburg, Brooklyn has recently been leased. The landlord, Ranco Management, has entered into an agreement with TSwirl Crepe as the tenant. The deal was facilitated by Richard Silverman of Silver Line Realty Group NY.

Summary of Transaction Details

  • Property Type: Mixed-use
  • Transaction Date: October 15, 2023
  • Address: 296 Bedford Avenue, Williamsburg, Brooklyn
  • Market: Williamsburg, Brooklyn
  • Landlord: Ranco Management
  • Tenant: TSwirl Crepe
  • Broker: Richard Silverman - Silver Line Realty Group NY
  • Asking Rent: $230 per square foot
  • Square Footage: 475

This transaction highlights the successful collaboration between Ranco Management and TSwirl Crepe, with the expertise of Richard Silverman from Silver Line Realty Group NY. The lease agreement for the mixed-use property at 296 Bedford Avenue ensures a prosperous future for the tenant, TSwirl Crepe, in the vibrant Williamsburg neighborhood of Brooklyn.

Players

Richard Silverman

Silverline Realty Group

Broker

7 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

68969.57%

Cash-on-Cash

-19711.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93