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311 Court Street

Wellshow Nail Salon Leases Retail Space In Cobble Hill At 311 Court Street
LEASEDMultiFamily

Wellshow Nail Salon Leases Retail Space In Cobble Hill At 311 Court Street

311 Court Street

$110

$110/SF

Building Size

3,400 SF

Asset Type

MultiFamily

Closing

Mar 28, 2023

AI

A retail property located at 311 Court Street in the Cobble Hill market has been leased. The property, spanning 1,100 square feet, was leased by Wellshow Nail Salon. The landlord in this transaction was the Gora Group, represented by Sam Friedman. The leasing deal was facilitated by brokers David Sabbagh, David Green, and Akram Mozeb from KSR. The asking rent for the space was $110 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Not available
  • Address: 311 Court Street
  • Market: Cobble Hill
  • Tenant: Wellshow Nail Salon
  • Landlord: Gora Group - Sam Friedman
  • Brokers: David Sabbagh, David Green, and Akram Mozeb - KSR
  • Asking Rent: $110 per square foot

The leasing deal for the retail property at 311 Court Street was successfully managed by brokers David Sabbagh, David Green, and Akram Mozeb from KSR. They represented the Gora Group, headed by Sam Friedman, who acted as the landlord in this transaction. Wellshow Nail Salon secured the lease for this 1,100 square-foot space in the Cobble Hill market, agreeing to an asking rent of $110 per square foot.

Players

David Sabbagh

Kassin Sabbagh Realty

Broker

60 deals

Broker

Sam Friedman

Landlord

$13.9M

vol

4 deals

Landlord

New York City MultiFamily Market Snapshot

Boundary boundary · MultiFamily · 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