CW Realty Group Leases 11500 Square Feet To Showfields At 187 Kent Ave Brooklyn
187 Kent Ave, New York, NY, 11249
Building Size
11,500 SF
Asset Type
Retail
Closing
Apr 21, 2022
AI
The property located at 187 Kent Ave, New York, NY, 11249 is situated in the Brooklyn market. This leased space encompasses a total area of 11,500 square feet and involves a transaction between CW Realty Group as the landlord and Showfields as the tenant.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 187 Kent Ave, New York, NY, 11249
- Market: Brooklyn
- Landlord's Representative: Karen Bellantoni (Newmark)
- Tenant: Showfields
- Landlord: CW Realty Group
- Square Feet: 11,500
Key individuals involved in this transaction include Karen Bellantoni representing CW Realty Group in the leasing arrangement with tenant Showfields. The transaction highlights the active participation of Newmark in facilitating the deal.
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