Sev Laser Leases Retail Space At 147 Grand Street In Williamsburg For $115 Per Foot
147 Grand Street
$115
$115/SF
Building Size
1,400 SF
Asset Type
Retail
Closing
Aug 26, 2024
AI
The asset involved in this transaction is a retail space located at 147 Grand Street in the Williamsburg market. The asking rent for the property is set at $115 per square foot, with a total square footage of 1,400. The lease type is classified as a retail lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $115/ft
- Square Footage: 1,400
- Address: 147 Grand Street
- Market: Williamsburg
- Landlord: Jonathan Bakhash
- Tenant: Sev Laser
- Landlord's Representative: David Green & David Sabbagh - KSR
- Tenant's Representative: Christina Combias - Voro Real Estate
- Lease Type: Retail Lease
The transaction involves key individuals from different real estate agencies. David Green and David Sabbagh represent the landlord Jonathan Bakhash through KSR. On the tenant's side, Christina Combias represents Sev Laser, affiliated with Voro Real Estate.
Players
Brooklyn Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
137939.13%
Cash-on-Cash
-39423.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93