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
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.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93