Garrett’s Convenience Inc. Leases Retail Space On 145 Broadway In South Williamsburg
145 Broadway
$75
$75/SF
Building Size
1,600 SF
Asset Type
Retail
Closing
Aug 17, 2022
About this deal
AI
Garrett’s Convenience Inc. has leased a retail space located at 145 Broadway in the South Williamsburg market. The property spans an area of approximately 1,600 square feet. The deal was facilitated by the brokers Garrett Kelly and Isaac Levy from Meridian Retail Leasing. The lease was signed on 08/17/2022, with an asking rent of $75 per square foot.
Summary of transaction details:
- Property Type: Retail
- Tenant: Garrett’s Convenience Inc.
- Address: 145 Broadway
- Market: South Williamsburg
- Brokers: Garrett Kelly & Isaac Levy - Meridian Retail Leasing
- Asking Rent: $75 per square foot
- Square Footage: 1,600
Garrett’s Convenience Inc. secured the lease agreement through the representation of Garrett Kelly and Isaac Levy from Meridian Retail Leasing. The deal was successfully finalized on 08/17/2022. This transaction exemplifies the continued demand for retail space in the South Williamsburg market.
On the Map
$75
$75/SF
Retail
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Players
Newark 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
211506.67%
Cash-on-Cash
-60449.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93