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13 Greenpoint Avenue

Glassed Signs Lease For Retail Space At 13 Greenpoint Avenue In Manhattan With Landlord BNS Real Estate
LEASEDRetail

Glassed Signs Lease For Retail Space At 13 Greenpoint Avenue In Manhattan With Landlord BNS Real Estate

13 Greenpoint Avenue

$103

$103/SF

Building Size

4,063 SF

Asset Type

Retail

Closing

Jan 9, 2023

AI

The retail property located at 13 Greenpoint Avenue in Manhattan has recently been leased. The transaction involved the landlord, BNS Real Estate, and the tenant, Glassed. The deal was facilitated by brokers Jordan Raphan, Marc Sitt, and Akram Mozeb from KSR. The leased space spans approximately 4,063 square feet, with an asking rent of $103 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Lease
  • Address: 13 Greenpoint Avenue
  • Market: Manhattan
  • Landlord: BNS Real Estate
  • Tenant: Glassed
  • Brokers: Jordan Raphan, Marc Sitt, and Akram Mozeb - KSR
  • Asking Rent: $103/ft
  • Square Footage: 4,063

The leasing transaction was successfully negotiated by the broker team consisting of Jordan Raphan, Marc Sitt, and Akram Mozeb from KSR. Their expertise played a crucial role in connecting the landlord, BNS Real Estate, with the tenant, Glassed. This lease agreement showcases their ability to facilitate transactions in the competitive Manhattan market and highlights the demand for retail spaces in the area.

Players

Marc Sitt

Kassin Sabbagh Realty

Broker

$272.9M

vol

64 deals

Broker
BE
BNS Real EstateLandlord

New York City 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

154009.71%

Cash-on-Cash

-44016.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93