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100 Livingston Street

Updated Dec 4, 2024

Mandel Dermatology Leases 2,300 SF Space At 100 Livingston Street In Brooklyn
LEASEDRetail

Mandel Dermatology Leases 2,300 SF Space At 100 Livingston Street In Brooklyn

100 Livingston Street

$50

$50/SF

Building Size

2,300 SF

Asset Type

Retail

Closing

Dec 14, 2023

About this deal

AI

Dr. Mitchell Mandel's second-generation family-run practice, Mandel Dermatology, has secured a five-year lease for a 2,300-square-foot retail space on the third floor of 100 Livingston Street in Borough Hall, Brooklyn. The property is located in Downtown Brooklyn, a vibrant market that offers a prime location for businesses.

Summary of transaction details

  • Property Type: Retail
  • Address: 100 Livingston Street, Borough Hall, Brooklyn
  • Tenant: Dr. Mitchell Mandel - Mandel Dermatology
  • Tenant's Representative: Dominic Mascara - SVN CPEX Real Estate
  • Asking Rent: $50 per square foot

Represented by broker Dominic Mascara of SVN CPEX Real Estate, Mandel Dermatology successfully negotiated the lease agreement for their new space. The deal solidifies their presence in the Downtown Brooklyn market and provides them with a dedicated location to serve their clients for the next five years.

Players

Dominic Mascara

SVN

Broker

$14.8M

vol

2 deals

Broker

Brooklyn Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Deal FAQ

About $50 per square foot on a published $50 for 2,300 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

317260.00%

Cash-on-Cash

-90673.88%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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