Serajbit Singh Leases Retail Space At 157 13th St, Brooklyn For $40/SF
157 13th St, Brooklyn, NY, 11215
$40
$40/SF
Building Size
24,800 SF
Asset Type
Retail
Closing
May 25, 2016
About this deal
AI
The asset involved in this transaction is a retail property located at 157 13th St, Brooklyn, NY, with a size of 24,800 square feet. The rental rate is set at $40 per square foot, and the market for this property is Brooklyn.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 157 13th St, Brooklyn, NY, 11215
- Market: Brooklyn
- Square Feet: 24800
- Rent/SF: 40
- Landlord: Serajbit Singh
- Landlord's Representative: Robert Kleinman
The deal features Serajbit Singh as the landlord and Robert Kleinman representing him in this transaction. The specifics regarding the transaction amount were not provided.
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
396575.00%
Cash-on-Cash
-113342.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93