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66 Willoughby Street

Kearney Family Leases Mixed-Use Property To Atomic Wings At 66 Willoughby Street Brooklyn
LEASEDMixed-use

Kearney Family Leases Mixed-Use Property To Atomic Wings At 66 Willoughby Street Brooklyn

66 Willoughby Street

$110

$110/SF

Building Size

1,800 SF

Asset Type

Mixed-use

Closing

Aug 31, 2025

AI

The property involved in the transaction is a mixed-use asset located at 66 Willoughby Street in Brooklyn. The lease agreement is set at an asking rent of $110 per square foot for a total of 1,800 square feet, under a modified gross lease term of 10 years.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $110/ft
  • Lease Term: 10 Years
  • Lease Type: Modified Gross Lease
  • Landlord: Kearney Family
  • Tenant: Atomic Wings
  • Broker: Steven Hakakian - Schuckman Realty

Key individuals in this transaction include the landlord, the Kearney Family, and the tenant, Atomic Wings, who have entered into a long-term leasing agreement facilitated by broker Steven Hakakian from Schuckman Realty.

Players

Steven Hakakian

Schuckman Realty

Broker

$27.8M

vol

13 deals

Broker
Schuckman Realty
Schuckman RealtyBrokerage

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

144209.09%

Cash-on-Cash

-41215.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93