Tacos Atla Secures 10-Year Lease For Williamsburg Space On North Fifth Street
142 N 5th St Brooklyn, NY 11211, USA
$120
$120/SF
Building Size
2,800 SF
Asset Type
Retail
Closing
Jun 14, 2023
About this deal
AI
Tacos Atla, a popular taco restaurant, is set to open in Williamsburg, Brooklyn this fall. The restaurant has secured a 10-year lease for a 2,800-square-foot space at a prime location on Bedford Avenue and North Fifth Street. The lease terms are set at $120 per square foot, resulting in an asking rent of approximately $336,000 per year.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $336,000 per year
- Address: 142 North Fifth Street, Williamsburg, Brooklyn
- Market: Williamsburg, Brooklyn
- Landlord: Metropolitan Avenue Associates
- Tenant: Tacos Atla
- Landlord's Rep: Richard Babeck - Tri State Commercial Realty
- Tenant's Rep: Max Talpalar - Green Owl Real Estate
Richard Babeck from Tri State Commercial Realty represented the landlord, Metropolitan Avenue Associates, in the lease transaction. Max Talpalar from Green Owl Real Estate represented the tenant, Tacos Atla. This deal represents a significant opportunity for Tacos Atla to establish a presence in the popular Williamsburg neighborhood.
On the Map
$120
$120/SF
Retail
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Players
New York 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
132191.67%
Cash-on-Cash
-37780.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93