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
About this deal
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:
- Property Type: Retail
- Transaction Amount: $225/ft
- Square Footage: 2,500
- Landlord: JEMB Realty
- Tenant: Intuit TurboTax
- Landlord's Representative: Darren Kassin, Freddy Souid & Jack Hamadani - KSR
- Tenant's Representative: Michael Remer - JLL
- Lease Type: Retail Lease
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.
On the Map
$225
$225/SF
Retail
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Players
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