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189 Bridge Street

Brooklyn Palace Signs Single Net Lease At 189 Bridge Street With Landlord Francis Luang
LEASEDRetail

Brooklyn Palace Signs Single Net Lease At 189 Bridge Street With Landlord Francis Luang

189 Bridge Street

$75

$75/SF

Building Size

2,183 SF

Asset Type

Retail

Closing

Dec 23, 2025

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.

Players

Ohad Babo

Kassin Sabbagh Realty

Broker

$192.7M

vol

20 deals

Broker
Kassin Sabbagh Realty
Kassin Sabbagh RealtyBrokerage

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