Yummy Picks Leases Retail Space At 101 Smith Street In Brooklyn Through Josh Sarraf And Aric Trakhtenberg
101 Smith Street
Building Size
600 SF
Asset Type
Retail
Closing
Nov 26, 2024
About this deal
AI
The retail property located at 101 Smith Street in Brooklyn has a square footage of 600. The asset is now leased to Yummy Picks at an asking rent of $200 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $120,000
- Landlord: BFC Partners
- Tenant: Yummy Picks
- Landlord's Representative: Aric Trakhtenberg - Newmark
- Tenant's Representative: Josh Sarraf - ARA
- Lease Type: Retail Lease
Aric Trakhtenberg represents BFC Partners in this transaction, while Josh Sarraf represents Yummy Picks. The lease arrangement reflects a strategic partnership between the landlord and tenant, emphasizing the collaborative nature of this retail deal.
On the Map
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
79315.00%
Cash-on-Cash
-22668.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93