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191 Bedford Avenue, Brookly...

Updated Oct 28, 2024

CBD Kratom Leases Retail Space At 191 Bedford Avenue In Williamsburg, Brooklyn
LEASEDRetail

CBD Kratom Leases Retail Space At 191 Bedford Avenue In Williamsburg, Brooklyn

191 Bedford Avenue, Brooklyn, New York 11211, United States

Building Size

1,050 SF

Asset Type

Retail

Closing

Apr 10, 2022

About this deal

AI

Located at 191 Bedford Avenue in Williamsburg, this retail property has recently been leased. The transaction took place on April 11, 2022. The property, spanning 1,050 square feet, was leased by CBD Kratom. The landlord, Klosed Properties represented by Steven Kachanian, finalized the deal with the assistance of their representatives Carolina Aziz, Ike Bibi, and David Green from KSR. The asking rent for the space was $300 per square foot.

Summary of Transaction Details

  • Property Type: Retail
  • Transaction Amount: N/A
  • Square Footage: 1,050
  • Address: 191 Bedford Avenue
  • Market: Williamsburg

The deal was facilitated by George Skaliarinis, who represented CBD Kratom as their broker.

On the Map

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Retail

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Players

Ike Bibi

Kassin Sabbagh Realty

Broker

$274.3M

vol

129 deals

Broker
Steven Kachanian

Steven Kachanian

Klosed Properties

Landlord

$118.5M

vol

38 deals

Landlord
CK
CBD KratomTenant
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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

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