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:
- Property Type: Retail
- Transaction Date: 04/18/2022
- Address: 187 Kent Ave., Williamsburg, Brooklyn
- Landlord: CW Realty
- Tenant: Showfields
- Tenant's Representative: Brandon Singer, Michael Cody, & Max Kreinces - Retail By MONA
- Landlord's Representatives: Barry Fishbach & Alex Hedaya - Newmark
- Asking Rent: $200 per square foot
- Total Square Footage: 11,500
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
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
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