Apollo Bagels Signs Retail Lease At 133 North 7th Street In Williamsburg Brooklyn
133 North 7th Street
$95
$95/SF
Building Size
2,900 SF
Asset Type
Retail
Closing
Aug 12, 2024
AI
The retail asset located at 133 North 7th Street in Williamsburg, Brooklyn, is being leased to Apollo Bagels. The space encompasses 2,900 square feet, with an asking rent of $95 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $95/ft
- Lease Type: Retail Lease
- Landlord: GFI
- Tenant: Apollo Bagels
- Brokers: David Green, Daniel Kestenbaum, Sophia Gaines & Zachary Nathan - KSR
The transaction saw representation from multiple brokers at KSR, including David Green, Daniel Kestenbaum, Sophia Gaines, and Zachary Nathan, facilitating the lease agreement between the landlord and tenant.
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
166978.95%
Cash-on-Cash
-47723.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93