Martial Arts Taekwondo Inc. Leases Retail Space In Brooklyn Heights
151 Montague Street, Brooklyn, New York 11201, United States
Building Size
3,000 SF
Asset Type
Retail
Closing
Apr 10, 2022
AI
Located in Brooklyn Heights, the retail property at 151 Montague Street has recently been leased. The deal was closed on 04/11/2022 and is known to be a lease transaction. The property spans an area of 3,000 square feet, and the asking rent was $60 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not mentioned
- Address: 151 Montague Street, Brooklyn Heights
- Market: Brooklyn Heights
The property was leased by Martial Arts Taekwondo Inc. The landlord of the property is The Jackson Group, represented by Elliot Chehebar. The leasing process was facilitated by George Skaliarinis, Solomon Sharaby, and Nathan Aballi from the brokerage firm KSR.
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