Snipes Signs Lease For 6000 Square Feet At 1117 Eastern Pkwy Brooklyn With Landlord Urban Scape LLC
1117 Eastern Pkwy, Brooklyn, NY, 112...
Building Size
6,000 SF
Asset Type
Retail
Closing
Jun 30, 2020
AI
Lease transaction involving a property located at 1117 Eastern Pkwy, Brooklyn, NY. The leased space encompasses 6,000 square feet within the Brooklyn market.
Summary of transation details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 1117 Eastern Pkwy, Brooklyn, NY
- Square Feet: 6000
- Tenant: Snipes
- Landlord: Urban Scape LLC
- Tenant's Representative: Evan Clements & Fritz Kemerling - Atlantic Retail
- Landlord's Representative: Josh Augenbaum - Augenbaum Realty
This transaction highlights the collaboration of Evan Clements and Fritz Kemerling representing Snipes, while Josh Augenbaum provided representation for Urban Scape LLC as the landlord in this lease agreement.
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