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187 Kent Avenue, Brooklyn, ...

Showfields Leases Retail Space At 187 Kent Ave. In Williamsburg, Brooklyn
LEASEDRetail

Showfields Leases Retail Space At 187 Kent Ave. In Williamsburg, Brooklyn

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

Building Size

11,500 SF

Asset Type

Retail

Closing

Apr 17, 2022

AI

The retail property located at 187 Kent Ave. in Williamsburg, Brooklyn, has recently been leased. The lease transaction took place on 04/18/2022. The property spans a total of 11,500 square feet and is owned by CW Realty.

Summary of transaction details:

The lease deal was negotiated by Brandon Singer, Michael Cody, and Max Kreinces from Retail By MONA representing the tenant, Showfields. On the other side, the landlord, CW Realty, was represented by Barry Fishbach and Alex Hedaya from Newmark. This lease agreement presents an exciting opportunity for both the tenant and the landlord in the vibrant retail market of Williamsburg, Brooklyn.

Players

Brandon Singer

Retail By Mona

Broker

$84.3M

vol

59 deals

Broker
CW Realty
CW RealtyLandlord

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