Stretch Lab Signs 10-Year Lease For Mixed-Use Property At 321 Court Street In Carroll Gardens, Brooklyn
321 Court Street
$100
$100/SF
Building Size
2,000 SF
Asset Type
Mixed-use
Closing
Dec 20, 2023
AI
The mixed-use property located at 321 Court Street in Carroll Gardens, Brooklyn has recently been leased. The tenant, Stretch Lab, has signed a 10-year modified gross lease for a space measuring approximately 2,000 square feet. The asking rent for the lease was $100 per square foot.
Summary of transaction details:
- Property Type: Mixed-use
- Address: 321 Court Street, Carroll Gardens, Brooklyn
- Market: Carroll Gardens, Brooklyn
- Tenant: Stretch Lab
- Landlord: Joseph Safdie - Court Street Partners
- Landlord's Rep: Joey Kafif - Safdie Realty Group
- Tenant's Rep: Chris Walther & Peter Yoon - Ripco
- Asking Rent: $100/ft
- Lease Type: Modified Gross Lease
- Lease Term: 10 years
Safdie Realty Group (SRG), represented by Joey Kafif, served as the landlord's representative in this transaction. They specialize in representing landlords and tenants in various locations including Brooklyn, Bronx, Manhattan, and Queens. For further assistance in finding a new space or leasing out vacant spaces, you can contact Joey Kafif at [email protected].
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
158630.00%
Cash-on-Cash
-45336.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93