Beyond The Streets Leases Retail Space At 153 Grand Street In Williamsburg, Brooklyn
153 Grand Street, Williamsburg, Brooklyn, NY, USA
Building Size
1,800 SF
Asset Type
Retail
Closing
Oct 19, 2021
AI
153 Grand Street in Williamsburg, Brooklyn has recently been leased. The retail property, spanning 1,800 square feet, was leased by Beyond The Streets. The lease was facilitated by broker Jordan Raphan of KSR, representing both the tenant and the landlord, Morris Sabbagh and Abraham Kassin. The asking rent for the space was $116 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Leased
- Address: 153 Grand Street, Williamsburg, Brooklyn
- Tenant: Beyond The Streets
- Landlord: Morris Sabbagh & Abraham Kassin
- Broker: Jordan Raphan - KSR
- Asking Rent: $116 per square foot
- Square Footage: 1,800
Jordan Raphan from KSR played a key role in this lease deal, representing both the tenant, Beyond The Streets, and the landlord, Morris Sabbagh and Abraham Kassin. With an asking rent of $116 per square foot, the retail space at 153 Grand Street in Williamsburg, Brooklyn was successfully leased.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
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