Dolly’s Swing & Dive Signs 10-Year Lease At 146 Wythe Avenue In Williamsburg
146 Wythe Avenue
Building Size
2,350 SF
Asset Type
Retail
Closing
May 15, 2025
About this deal
AI
The property asset involved in this transaction is a retail space located at 146 Wythe Avenue in Williamsburg, comprising 2,350 square feet. The asset falls under the retail category as part of the local market dynamics, aimed at catering to the area's commercial needs.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Lease Term: 10 years
- Landlord: Flatiron Real Estate Advisors
- Tenant: Devin Schuck, Teresa Brown, & Raffaello van Couten - Dolly’s Swing & Dive
- Brokers: Brett Brownstein & Garry Steinberg - Lee & Associates
Dolly’s Swing & Dive has relocated from an 800-square-foot space at 101 Kent Avenue to occupy the new retail space at 146 Wythe Avenue, reflecting a strategic expansion of their operations within the Williamsburg area.
On the Map
Retail
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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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93