BP Williamsburg Leases Retail Space On Bedford Avenue In Williamsburg
181 Bedford Avenue, Brooklyn, New York 11211, United States
Building Size
1,100 SF
Asset Type
Retail
Closing
Jan 31, 2022
About this deal
AI
A retail property located at 181 Bedford Avenue in Williamsburg has been leased. The lease transaction took place on 02/01/2022. The property consists of approximately 1,100 square feet and is situated in the Williamsburg market.
Summary of transaction details:
- Property Type: Retail
- Address: 181 Bedford Avenue
- Market: Williamsburg
The landlord for this lease is Michal Derevjanik. The tenant, BP Williamsburg, has secured the lease for this property. The deal was facilitated by Matthew Fogel and Albert Halawani of Kassin Sabbagh Realty, who represented both the landlord and the tenant in the negotiation process. The asking rent for the property was $300 per square foot.
Players
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