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17 Kent Avenue, Brooklyn, N...

Getir Leases Retail Space At 17 Kent Avenue In Brooklyn, Represented By Steven Evans - Platinum Properties
LEASEDRetail

Getir Leases Retail Space At 17 Kent Avenue In Brooklyn, Represented By Steven Evans - Platinum Properties

17 Kent Avenue, Brooklyn, New York 11249, United States

Building Size

1,875 SF

Asset Type

Retail

Closing

Jan 23, 2022

AI

The retail property located at 17 Kent Avenue in Brooklyn has recently been leased. The tenant for this space is Getir. The lease was facilitated by Steven Evans of Platinum Properties, who represented Getir. On the landlord's side, Vince Sweeney and Ryan Fridolfs of Meridian Retail Leasing acted as the representatives. The lease transaction took place on November 15, 2021. The property spans approximately 1,875 square feet.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 17 Kent Avenue
  • Tenant: Getir
  • Tenant's Representative: Steven Evans - Platinum Properties
  • Landlord's Representatives: Vince Sweeney & Ryan Fridolfs - Meridian Retail Leasing
  • Asking Rent: $96/ft.
  • Square Footage: 1,875

Steven Evans of Platinum Properties played a crucial role in representing the tenant, Getir, and securing the lease for the retail space at 17 Kent Avenue. On the other side of the deal, Vince Sweeney and Ryan Fridolfs of Meridian Retail Leasing represented the landlord. The lease agreement was finalized on November 15, 2021.

Players

Vince Sweeney

Meridian Capital Group

Broker

8 deals

Broker
G
GetirTenant

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