Brain Food Signs Lease For Retail Space At 111 Court Street In Downtown Brooklyn With Landlord 111-115 Court LLC – Abraham Gerses And Brokers Matthew Fogel, Albert Halawani @Kassin_Sabbagh_Realty
111 Court Street
$130
$130/SF
Building Size
1,400 SF
Asset Type
Retail
Closing
Oct 12, 2020
About this deal
AI
Located at 111 Court Street in Downtown Brooklyn, this retail property was recently leased by Brain Food. The property, owned by 111-115 Court LLC and represented by Abraham Gerses, spans 1,400 square feet. The deal was facilitated by brokers Matthew Fogel and Albert Halawani from Kassin Sabbagh Realty. The asking rent for this retail space was set at $130 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Date: 10/12/2020
- Address: 111 Court Street
- Market: Downtown Brooklyn
Matthew Fogel and Albert Halawani, representing Kassin Sabbagh Realty, were instrumental in securing this lease deal for Brain Food. Through their efforts, the tenant was able to secure a favorable lease agreement with the landlord, 111-115 Court LLC. Both Fogel and Halawani demonstrated their expertise in navigating this transaction, ensuring a successful outcome for their client.
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
122023.08%
Cash-on-Cash
-34874.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93