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149 Franklin Street

Akari Sauna House Leases Retail Space At 149 Franklin Street In Greenpoint Brooklyn
LEASEDRetail

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

David Sabbagh

Kassin Sabbagh Realty

Broker

60 deals

Broker

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