David Leiter Leases Retail Space To Herbies Burgers At 196 Roebling Street In Brooklyn
196 Roebling Street
Building Size
700 SF
Asset Type
Retail
Closing
May 6, 2025
About this deal
AI
The property involved in this transaction is a retail asset located at 196 Roebling Street in Brooklyn. The lease type is a Modified Gross Lease with an asking rent of $105 per square foot for a total square footage of 700.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $105/ft
- Address: 196 Roebling Street
- Market: Brooklyn
- Landlord: David Leiter
- Tenant: Herbies Burgers
- Tenant's Representative: Stephen Ligambi - Meridian Capital Group
This deal was clearly facilitated with the involvement of Stephen Ligambi from Meridian Capital Group, representing the tenant, Herbies Burgers, while David Leiter represented the landlord, ensuring a smooth transaction process for both parties.
On the Map
Retail
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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
151076.19%
Cash-on-Cash
-43178.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93