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
About this deal
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!
On the Map
$100
$100/SF
Retail
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Players
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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