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1 Willoughby Street

Intuit TurboTax Signs Retail Lease At 1 Willoughby Street In Downtown Brooklyn For $225/ft
LEASEDRetail

Intuit TurboTax Signs Retail Lease At 1 Willoughby Street In Downtown Brooklyn For $225/ft

1 Willoughby Street

$225

$225/SF

Building Size

2,500 SF

Asset Type

Retail

Closing

Apr 23, 2026

AI

The retail property located at 1 Willoughby Street in Downtown Brooklyn features an asking rent of $225 per square foot and encompasses a total space of 2,500 square feet. This asset is part of the growing market dedicated to retail establishments.

Summary of transaction details:

The transaction includes key brokers such as Darren Kassin, Freddy Souid, and Jack Hamadani representing the landlord, while Michael Remer represents the tenant in this lease agreement. This collaboration showcases the expertise of the different parties involved in the successful transaction.

Players

Jack Hamadani

Kassin Sabbagh Realty

Broker

46 deals

Broker
JR
JEMB RealtyLandlord

Brooklyn Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

70502.22%

Cash-on-Cash

-20149.75%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93