Dandy Farmer Leases Retail Space In Brooklyn Navy Yard
14 Clermont Ave Brooklyn, NY 11205, USA
$43
$43/SF
Building Size
2,500 SF
Asset Type
Retail
Closing
Jun 23, 2023
About this deal
AI
Veederman Family has leased a retail property located at 14 Clermont Avenue in the Brooklyn Navy Yard market. The transaction was facilitated by Aric Trakhtenberg of Newmark. The space, spanning 2,500 square feet, was rented to Dandy Farmer, with Adam Pendleton acting as the tenant's representative in the deal. The asking rent for the retail space was $43 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Date: 06/23/2023
- Address: 14 Clermont Avenue
- Market: Brooklyn Navy Yard
- Landlord: Veederman Family
- Tenant: Dandy Farmer - Adam Pendleton
- Broker: Aric Trakhtenberg - Newmark
- Asking Rent: $43/ft
- SF: 2,500
Aric Trakhtenberg of Newmark played a crucial role in facilitating the lease transaction between Veederman Family and Dandy Farmer. The deal represents a successful collaboration between the landlord and tenant, further solidifying their presence in the Brooklyn Navy Yard market.
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
368906.98%
Cash-on-Cash
-105434.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93