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639 Lorimer St, Brooklyn, N...

Reunion Leases Mixed-Use Space In Williamsburg At 639 Lorimer Street
LEASEDMixed-use

Reunion Leases Mixed-Use Space In Williamsburg At 639 Lorimer Street

639 Lorimer St, Brooklyn, NY 11211, USA

Building Size

1,600 SF

Asset Type

Mixed-use

Closing

Nov 18, 2022

AI

A mixed-use property located at 639 Lorimer Street in Williamsburg has been leased. The property, with a size of 1,600 square feet, was leased by Reunion. The landlord, Nathan Todd, was represented by Eddie Keda from Tri State Commercial, while Jack Mosseri from Silverline Realty Group represented the tenant. The asking rent for the property was $99 per square foot.

Summary of transaction details

  • Property Type: Mixed-Use
  • Transaction Amount: Not specified
  • Address: 639 Lorimer Street, Williamsburg
  • Size: 1,600 square feet
  • Landlord: Nathan Todd
  • Tenant: Reunion
  • Landlord's Representative: Eddie Keda - Tri State Commercial
  • Tenant's Representative: Jack Mosseri - Silverline Realty Group
  • Asking Rent: $99 per square foot

Eddie Keda from Tri State Commercial and Jack Mosseri from Silverline Realty Group played crucial roles in facilitating this lease transaction. Their expertise in the market and negotiation skills contributed to the successful deal. Reunion, the tenant, recognized the value of the mixed-use property and its location in Williamsburg, making it an attractive choice for their business.

Players

Nathan Todd

Landlord

2 deals

Landlord

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