MogeTeeUSA Leases Retail Space At 140 Lawrence Street In Brooklyn With Brokers Yoni Hadar & James Famularo - Meridian Retail Leasing
140 Lawrence Street, Brooklyn, NY, USA
Building Size
2,200 SF
Asset Type
Retail
Closing
Feb 21, 2021
About this deal
AI
A retail property located at 140 Lawrence Street in Brooklyn has recently been leased. The deal was facilitated by brokers Yoni Hadar and James Famularo of Meridian Retail Leasing. The tenant, MogeTeeUSA, signed the lease agreement with the landlord, United American Land. The lease was finalized on February 22, 2021.
Summary of transaction details:
- Property Type: Retail
- Address: 140 Lawrence Street, Brooklyn
- Market: Brooklyn
- Tenant: MogeTeeUSA
- Landlord: United American Land
- Brokers: Yoni Hadar & James Famularo - Meridian Retail Leasing
- Asking Rent: $110 per square foot
- Square Footage: 2,200
The leased retail space at 140 Lawrence Street in Brooklyn will now be occupied by MogeTeeUSA. The lease agreement was facilitated by brokers Yoni Hadar and James Famularo from Meridian Retail Leasing. The deal was successfully negotiated between the tenant and the landlord, United American Land. The asking rent for the space was $110 per square foot, with a total square footage of 2,200.
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