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110 Montague Street, Brookl...

Heights Aesthetics Center Leases Retail Space At 110 Montague Street In New York City With Barry Fishbach & Aric Trakhtenberg - Newmark Representing The Tenant And A Ruth & Sons Real Estate As The Landlord
LEASEDRetail

Heights Aesthetics Center Leases Retail Space At 110 Montague Street In New York City With Barry Fishbach & Aric Trakhtenberg - Newmark Representing The Tenant And A Ruth & Sons Real Estate As The Landlord

110 Montague Street, Brooklyn, New York 11201, United States

$125

$125/SF

Building Size

1,900 SF

Asset Type

Retail

Closing

Jan 27, 2023

AI

The retail property located at 110 Montague Street in New York City has recently been leased. The lease was signed on 01/27/2023 with a term of 10 years. The tenant, Heights Aesthetics Center, will occupy a space measuring 1,900 square feet. The asking rent for this retail space was set at $125 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 110 Montague Street, New York City
  • Market: New York City
  • Landlord: A Ruth & Sons Real Estate
  • Tenant: Heights Aesthetics Center
  • Brokers: Barry Fishbach & Aric Trakhtenberg - Newmark
  • Asking Rent: $125 per square foot
  • Lease Term: 10 years

The lease transaction was facilitated by Barry Fishbach and Aric Trakhtenberg, representing Newmark. They played a crucial role in negotiating the terms between the landlord, A Ruth & Sons Real Estate, and the tenant, Heights Aesthetics Center. The lease agreement ensures that the retail property at 110 Montague Street will be utilized by Heights Aesthetics Center for the next decade.

Players

Aric Trakhtenberg

Newmark

Broker

$8.3M

vol

50 deals

Broker
RE
Ruth & Sons Real EstateLandlord
HC
Heights Aesthetics CenterTenant

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

126904.00%

Cash-on-Cash

-36269.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93