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367 Metropolitan Ave Brookl...

Bar Madonna Leases Mixed-Use Space In Williamsburg For $90/ft
LEASEDMixed-use

Bar Madonna Leases Mixed-Use Space In Williamsburg For $90/ft

367 Metropolitan Ave Brooklyn, Ny 11211, Usa

$90

$90/SF

Building Size

1,600 SF

Asset Type

Mixed-use

Closing

Jun 12, 2023

AI

Bar Madonna, a mixed-use property located at 367 Metropolitan Avenue in Williamsburg, has recently been leased. The landlord, George Sarta, negotiated the deal with the help of broker Jack S. Mosseri from Silverline Realty Group. The property spans 1,600 square feet and was leased for an asking rent of $90 per square foot.

Summary of transaction details

  • Property Type: Mixed-Use
  • Asking Rent: $90/ft
  • Square Footage: 1,600
  • Address: 367 Metropolitan Avenue
  • Market: Williamsburg

This lease transaction was facilitated by Jack S. Mosseri from Silverline Realty Group, who represented both the landlord, George Sarta, and the tenant, Bar Madonna, in the deal.

Players

Jack Mosseri

Silverline Realty Group

Broker

5 deals

Broker

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

176255.56%

Cash-on-Cash

-50374.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93