Chipotle Leases Retail Space At 1730 Bedford Avenue, Crown Heights, Brooklyn
1730 Bedford Avenue
$100
$100/SF
Building Size
2,700 SF
Asset Type
Retail
Closing
May 10, 2024
AI
The retail property located at 1730 Bedford Avenue in Crown Heights, Brooklyn, was leased in a deal involving landlords Jack Gold and Rifka Sontag of Seventh Street Development and tenant Chipotle. The lease, a Modified Gross Lease type, has a term of 10 years with an asking rent of $100 per square foot for the 2,700 square feet space.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Landlord: Jack Gold & Rifka Sontag - Seventh Street Development
- Tenant: Chipotle
- Landlord's Representative: Josh Augenbaum - Augenbaum Realty (AugenbaumRealtyNY)
- Tenant's Representative: Benjamin Weiner - Ripco
- Address: 1730 Bedford Avenue
- Market: Crown Heights, Brooklyn
- Asking Rent: $100 per square foot
- Size: 2,700 square feet
- Lease Term: 10 years
The deal also mentions that there is additional space available, specifically 7,500 square feet on the ground floor. For more information, interested parties are encouraged to contact Josh Augenbaum at [email protected].
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
158630.00%
Cash-on-Cash
-45336.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93