Verizon Wireless Leases Retail Space In Williamsburg, Brooklyn
191 Bedford Ave, Brooklyn, NY 11211, USA
$250
$250/SF
Building Size
1,400 SF
Asset Type
Retail
Closing
Nov 15, 2022
AI
The retail space located at 191 Bedford Avenue in Williamsburg has been leased. The property, spanning 1,400 square feet, was leased to Verizon Wireless. The landlord of the property is Steven Kachanian. The lease transaction was facilitated by Carolina Aziz, Ike Bibi, and David Green from KSR, representing the landlord, and Eddie Mamiye from Stately Ventures, representing Verizon Wireless. The asking rent for the space was $250 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 191 Bedford Avenue, Williamsburg
- Market: Williamsburg
- Square Footage: 1,400
- Landlord: Steven Kachanian
- Tenant: Verizon Wireless
- Landlord's Rep: Carolina Aziz, Ike Bibi & David Green - KSR
- Tenant's Rep: Eddie Mamiye - Stately Ventures
- Asking Rent: $250/ft.
Carolina Aziz, Ike Bibi, and David Green from KSR played a crucial role in representing the landlord, Steven Kachanian, in the lease transaction. On the other hand, Eddie Mamiye from Stately Ventures represented Verizon Wireless in securing the lease for the retail space at 191 Bedford Avenue.
Players
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
63452.00%
Cash-on-Cash
-18134.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93