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17 Kent Ave

Tenant Leases Retail Space At 17 Kent Ave Brooklyn For $96/SF Through Emre Bozkurt And Vince Sweeney
LEASEDRetail

Tenant Leases Retail Space At 17 Kent Ave Brooklyn For $96/SF Through Emre Bozkurt And Vince Sweeney

17 Kent Ave

$96

$96/SF

Building Size

1,875 SF

Asset Type

Retail

Closing

Nov 15, 2021

AI

The property asset involved in the transaction is a retail space located at 17 Kent Ave, Brooklyn. It encompasses a total area of 1,875 square feet, with a rental rate of $96 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not disclosed
  • Address: 17 Kent Ave
  • Market: Brooklyn
  • Square Feet: 1,875
  • Rent/SF: $96

Representatives in this lease transaction include Emre Bozkurt from Platinum Properties and Vince Sweeney from Meridian Capital Group, who played key roles in facilitating the deal.

Players

Vince Sweeney

Meridian Capital Group

Broker

8 deals

Broker
KC
Kent CornerLandlord
G
GetirTenant

Brooklyn 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

165239.58%

Cash-on-Cash

-47225.98%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93