David Leiter Leases Retail Space To Herbies Burgers At 196 Roebling Street In Brooklyn
196 Roebling Street
$105
$105/SF
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
$105
$105/SF
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