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153 Grand Street, Williamsb...

Beyond The Streets Leases Retail Space At 153 Grand Street In Williamsburg, Brooklyn
LEASEDRetail

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

Jordan Raphan

Kassin Sabbagh Realty

Broker

40 deals

Broker
Morris Sabbagh

Morris Sabbagh

KSR Capital

Landlord

$197M

vol

13 deals

Landlord

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