LEASEDRetail
Kiehl's Signs 10-Year Lease For Retail Space At 193 Bedford Avenue Williamsburg Brooklyn
193 Bedford Avenue
$395
$395/SF
Building Size
1,350 SF
Asset Type
Retail
Closing
Jul 21, 2026
About this deal
AI
The property involved in this transaction is a retail asset located at 193 Bedford Avenue in Williamsburg, Brooklyn. The lease covers a space of 1,350 square feet with an asking rent of $395 per square foot. The asset is notable for being the first location of Kiehl’s in the neighborhood, replacing a previous tenant, Dr. Martens. The lease term is set for 10 years, with the store expected to open in fall 2026.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $395/ft.
- Lease Terms: 10 years
- Square Footage: 1,350
- Address: 193 Bedford Avenue
- Market: Williamsburg, Brooklyn
- Landlord: Deegan Management
- Tenant: Kiehl’s
- Landlord's Rep: Jordan Cohen, Brett Brownstein, & Garry Steinberg - Lee & Associates NYC
- Tenant's Rep: Joe Hudson & Duane Davis - CBRE
This transaction featured key stakeholders including Deegan Management as the landlord and Kiehl’s as the tenant. The landlord's representatives were Jordan Cohen, Brett Brownstein, and Garry Steinberg, associated with Lee & Associates NYC, while the tenant was represented by Joe Hudson and Duane Davis from CBRE.
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
40159.49%
Cash-on-Cash
-11477.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93