Akari Sauna House Leases Retail Space At 149 Franklin Street In Greenpoint Brooklyn
149 Franklin Street
$100
$100/SF
Building Size
2,300 SF
Asset Type
Retail
Closing
Jul 8, 2024
AI
The asset involved in this transaction is a retail property located at 149 Franklin Street in Greenpoint, Brooklyn. The lease is set at an asking rent of $100 per square foot for a total area of 2,300 square feet. This transaction falls within the retail lease market segment.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $100/ft
- Square Footage: 2,300
- Address: 149 Franklin Street
- Market: Greenpoint, Brooklyn
- Landlord: Dax Real Estate - Dan Hedaya
- Tenant: Akari Sauna House
- Landlord's Representative: David Green & David Sabbagh - KSR
- Tenant's Representative: Hank O’Donnell - GoodSpace NYC
The individuals involved in this transaction include Dan Hedaya representing the landlord, Dax Real Estate. The tenant, Akari Sauna House, is represented by Hank O’Donnell from GoodSpace NYC. The landlord's representatives are David Green and David Sabbagh from KSR.
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
158630.00%
Cash-on-Cash
-45336.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93