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
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