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.
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