Spring Affair Signs Lease For Retail Space At 152 Manhattan Avenue With Landlord Perfectmngmnt
152 Manhattan Avenue
$42
$42/SF
Building Size
3,000 SF
Asset Type
Retail
Closing
Mar 24, 2025
AI
The asset involved in the transaction is a retail property located at 152 Manhattan Avenue in Brooklyn. The property spans 3,000 square feet and has a rental rate of $42 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 152 Manhattan Avenue
- Market: Brooklyn
- Rent/SF: $42
- Square Feet: 3,000
- Tenant: Spring Affair
- Landlord: Perfectmngmnt
- Tenant's Representative: Joey Sakkal (Tri State Commercial Realty)
- Landlord's Representative: Avi Akiva (Tri State Commercial Realty)
This transaction was facilitated by Joey Sakkal representing the tenant, Spring Affair, and Avi Akiva representing the landlord, Perfectmngmnt. Both representatives are affiliated with Tri State Commercial Realty.
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
377690.48%
Cash-on-Cash
-107945.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93