Brooklyn Palace Signs Single Net Lease At 189 Bridge Street With Landlord Francis Luang
189 Bridge Street
Building Size
2,183 SF
Asset Type
Retail
Closing
Dec 23, 2025
About this deal
AI
This retail lease transaction involves a property located at 189 Bridge Street in Downtown Brooklyn. The asking rent is set at $75 per square foot for a space that measures 2,183 square feet. The lease type is identified as a Single Net Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $75/ft
- Square Footage: 2,183
- Lease Type: Single Net Lease
- Address: 189 Bridge Street
- Market: Downtown Brooklyn
- Landlord: Francis Luang
- Tenant: Brooklyn Palace
- Brokers: Ohad Babo, Nathan Aballi & Gabriel Cay - KSR
The transaction showcases the involvement of broker representatives Ohad Babo, Nathan Aballi, and Gabriel Cay from KSR, who played a crucial role in facilitating the lease agreement between the landlord, Francis Luang, and the tenant, Brooklyn Palace.
On the Map
Retail
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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
211506.67%
Cash-on-Cash
-60449.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93