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56 Berry Street, Brooklyn, ...

Bathhouse Signs Expansion Lease At 56 Berry Street In Brooklyn
LEASEDRetail

Bathhouse Signs Expansion Lease At 56 Berry Street In Brooklyn

56 Berry Street, Brooklyn, New York 11249, United States

$90

$90/SF

Building Size

18,000 SF

Asset Type

Retail

Closing

Mar 23, 2023

AI

The retail property located at 56 Berry Street in Brooklyn has been leased by Bathhouse, represented by Jason Goodman & Travis Talmadge. The property, owned by SLJ Management, spans 18,000 square feet and was leased under an expansion agreement. The asking rent for the property was $90 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: N/A
  • Address: 56 Berry Street
  • Market: Brooklyn
  • Landlord: SLJ Management
  • Tenant: Bathhouse - Jason Goodman & Travis Talmadge
  • Asking Rent: $90/ft.
  • Lease Terms: Expansion

Jason Goodman & Travis Talmadge, representing Bathhouse, were the key individuals involved in the lease transaction for the retail property at 56 Berry Street in Brooklyn. SLJ Management, the landlord, entered into an expansion agreement with Bathhouse, leasing the 18,000 square foot space at an asking rent of $90 per square foot.

Players

B
BathhouseTenant

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

176255.56%

Cash-on-Cash

-50374.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93