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
About this deal
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.
On the Map
$103
$103/SF
Retail
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Players
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