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
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