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
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
317260.00%
Cash-on-Cash
-90673.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93