Brooklyn Heights Vision Leases Retail Space At 130 Clinton Street, Brooklyn
130 Clinton Street, Brooklyn, New York 11201, United States
Building Size
1,500 SF
Asset Type
Retail
Closing
Feb 7, 2022
About this deal
AI
Brooklyn Heights Vision has recently secured a lease for a retail space located at 130 Clinton Street in Brooklyn. The transaction was facilitated by Ben Biberaj and Harry Singer of Meridian Retail Leasing.
Summary of transaction details:
- Property Type: Retail
- Date: 02/08/2022
- Market: Brooklyn
- Asking Rent: $120/ft.
- Square Footage: 1,200
The lease agreement for the retail space on Clinton Street marks a significant development for Brooklyn Heights Vision. The successful negotiation was led by Ben Biberaj and Harry Singer, representing the tenant in this deal.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93