Heights Cleaners & Tailors Inc. Leases Retail Space At 150 Joralemon Street In Brooklyn With Brokers Ben Biberaj & Harry Singer - Meridian Retail Leasing
150 Joralemon Street, Brooklyn, NY 11201, USA
Building Size
600 SF
Asset Type
Retail
Closing
Nov 24, 2021
AI
Heights Cleaners & Tailors Inc. has leased a retail space located at 150 Joralemon Street in Brooklyn. The property offers approximately 600 square feet of space. The lease was facilitated by Ben Biberaj and Harry Singer from Meridian Retail Leasing. The terms of the lease include an asking rent of $70 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Date: 11/24/2021
- Address: 150 Joralemon Street, Brooklyn
- Tenant: Heights Cleaners & Tailors Inc.
- Brokers: Ben Biberaj & Harry Singer - Meridian Retail Leasing
- Asking Rent: $70 per square foot
- Square Footage: 600
The lease agreement for the retail space at 150 Joralemon Street was successfully negotiated by Ben Biberaj and Harry Singer of Meridian Retail Leasing. The transaction highlights the growing demand for retail spaces in the bustling Brooklyn market.
Players
New York 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