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141 Nassau Ave Brooklyn, NY...

Thee Brooklyn Barber Leases Retail Space At 141 Nassau Avenue In Greenpoint, Brooklyn
LEASEDRetail

Thee Brooklyn Barber Leases Retail Space At 141 Nassau Avenue In Greenpoint, Brooklyn

141 Nassau Ave Brooklyn, NY 11222, USA

$119

$119/SF

Building Size

403 SF

Asset Type

Retail

Closing

Aug 11, 2023

AI

The retail property located at 141 Nassau Avenue in Greenpoint, Brooklyn, was recently leased. The property, owned by Austen Rabbie - 141 Nassau Owner, has a total square footage of 403 square feet. The tenant, Thee Brooklyn Barber, has secured the lease for this retail space. The lease deal was facilitated by Noam Aziz of Meridian Capital Group, who represented the tenant in this transaction. The asking rent for this retail space was $119.11 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Lease Deal
  • Address: 141 Nassau Avenue
  • Market: Greenpoint, Brooklyn
  • Landlord: Austen Rabbie - 141 Nassau Owner
  • Tenant: Thee Brooklyn Barber
  • Broker: Noam Aziz - Meridian Capital Group
  • Asking Rent: $119.11/ft
  • Square Footage: 403

Thee Brooklyn Barber, a local business, will now occupy the leased retail space at 141 Nassau Avenue in Greenpoint, Brooklyn. The deal was negotiated by Noam Aziz, the broker representing Thee Brooklyn Barber, and Meridian Capital Group. This retail lease deal provides Thee Brooklyn Barber with a prime location to serve its customers in Greenpoint.

Players

Noam Aziz

Meridian Capital Group

Broker

$900K

vol

231 deals

Broker

Austen Rabbie

Shel Capital

Landlord

$14.6M

vol

5 deals

Landlord

Market 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

133302.52%

Cash-on-Cash

-38098.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93