Yummy Picks Leases Retail Space At 101 Smith Street In Brooklyn Through Josh Sarraf And Aric Trakhtenberg
101 Smith Street
$200
$200/SF
Building Size
600 SF
Asset Type
Retail
Closing
Nov 26, 2024
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.
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