Acuity Capital Partners Leases Retail Space To The Learning Experience In Brooklyn
185 Marcy Ave, Brooklyn, NY, 11211
Building Size
10,000 SF
Asset Type
Retail
Closing
Oct 10, 2018
AI
The retail property located at 185 Marcy Ave, Brooklyn, NY, 11211, in the Brooklyn market, was leased on 10/10/2018 by The Learning Experience, with a square footage of 10,000 square feet. The landlord of the property is Acuity Capital Partners.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not Applicable
- Tenant: The Learning Experience
- Tenant's Rep: Nick Vanella
- Landlord: Acuity Capital Partners
- Square Feet: 10,000
The deal involved The Learning Experience as the tenant, represented by Nick Vanella, and the landlord, Acuity Capital Partners. The transaction for the 10,000 square feet retail space at 185 Marcy Ave was successfully completed on 10/10/2018.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93