Kearney Family Leases Mixed-Use Property To Atomic Wings At 66 Willoughby Street Brooklyn
66 Willoughby Street
Building Size
1,800 SF
Asset Type
Mixed-use
Closing
Aug 31, 2025
About this deal
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.
On the Map
Mixed-use
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Players
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