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
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