Greenpoint Retail Space Leased At 197 Franklin Street By Greenpoint Market - David Green & David Sabbagh Of KSR
197 Franklin Street, Greenpoint, Brooklyn, NY, USA
Building Size
1,000 SF
Asset Type
Retail
Closing
Nov 11, 2021
About this deal
AI
The retail property located at 197 Franklin Street in Greenpoint has been leased to Greenpoint Market. The lease transaction took place on November 11, 2021. The asset comprises 1,000 square feet of space. DAX Real Estate, represented by Daniel Hedaya and Max Seibald, serves as the landlord. The asking rent for the property was $100 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Lease
- Address: 197 Franklin Street
- Market: Greenpoint
- Landlord: DAX Real Estate - Daniel Hedaya & Max Seibald
- Tenant: Greenpoint Market
- Brokers: David Green & David Sabbagh - KSR
- Asking Rent: $100/ft.
- Square Footage: 1,000
The lease transaction was facilitated by brokers David Green and David Sabbagh from KSR.
On the Map
Retail
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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