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146 Wythe Avenue

Dolly’s Swing & Dive Signs 10-Year Lease At 146 Wythe Avenue In Williamsburg
LEASEDRetail

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

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.

Players

Garry Steinberg

Lee & Associates

Broker

$20M

vol

6 deals

Broker
Flatiron Real Estate Advisors
Flatiron Real Estate AdvisorsLandlord

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