Premium Sweets Bakery Leases Retail Space At 1199 Liberty Avenue In East New York
1199 Liberty Avenue
$75
$75/SF
Building Size
1,600 SF
Asset Type
Retail
Closing
Nov 1, 2024
AI
The property involved in this transaction is a retail asset located at 1199 Liberty Avenue in the East New York market. The asking rent for the space is $75 per square foot, and it has a total area of 1,600 square feet. The lease type is categorized as a retail lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $75/ft
- Square Footage: 1,600
- Address: 1199 Liberty Avenue
- Market: East New York
- Landlord: Maverick Management
- Tenant: Premium Sweets Bakery
- Brokers: Solomon Sharaby & Ezra Falack - KSR
The brokers involved in this transaction, Solomon Sharaby and Ezra Falack, represent KSR. They played a key role in facilitating the lease agreement between Maverick Management, the landlord, and Premium Sweets Bakery, the tenant.
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
211506.67%
Cash-on-Cash
-60449.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93