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209 Havemeyer Street

OPC (Other People’s Clothes) Leases Retail Space In South Williamsburg, Brooklyn
LEASEDRetail

OPC (Other People’s Clothes) Leases Retail Space In South Williamsburg, Brooklyn

209 Havemeyer Street

$100

$100/SF

Building Size

11,000 SF

Asset Type

Retail

Closing

Dec 28, 2023

AI

The retail property located at 209 Havemeyer Street in South Williamsburg, Brooklyn has been leased. The property spans 11,000 square feet and the lease type is a Modified Gross Lease. The landlord, Tavros & Charney Companies, has signed a deal with OPC (Other People's Clothes) as the tenant. The lease was facilitated by the tenant's representative, Aaron Aziz from Avenue Realty Advisors, and the landlord's representative, Alex Beard from Ripco. The asking rent for the property was $100 per square foot.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Date: 12/28/2023
  • Address: 209 Havemeyer Street
  • Market: South Williamsburg, Brooklyn
  • Landlord: Tavros & Charney Companies
  • Tenant: OPC (Other People's Clothes)
  • Landlord's Representative: Alex Beard - Ripco
  • Tenant's Representative: Aaron Aziz - Avenue Realty Advisors
  • Asking Rent: $100 per square foot
  • Lease Type: Modified Gross Lease

We would like to officially welcome OPC (Other People's Clothes) to the South Williamsburg area!

Players

Aaron Aziz

ARA

Broker

47 deals

Broker

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

158630.00%

Cash-on-Cash

-45336.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93