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
About this deal
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.
On the Map
$125
$125/SF
Retail
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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
126904.00%
Cash-on-Cash
-36269.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93