Zachary Friedman Of Compass Leases Retail Space In Brooklyn For Franklin Avenue Developers LLC
110 Franklin St, Brooklyn, NY, 11222
Building Size
1,900 SF
Asset Type
Retail
Closing
Nov 22, 2023
About this deal
AI
The retail property located at 110 Franklin St, Brooklyn, NY, 11222, boasts a total of 1900 square feet, situated in the bustling market of Brooklyn. The landlord, Franklin Avenue Developers LLC, successfully leased this prime retail space.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: Not specified
- Tenant's Representative: Zachary Friedman(Compass)
- Landlord's Representative: Peter Levitan()
Zachary Friedman from Compass skillfully represented the tenant in this lease transaction, while Peter Levitan acted as the listing representative for the landlord. The collaboration between the tenant's and landlord's representatives culminated in the successful leasing of this retail space.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93