Cornbread Soul Leases Retail Space At Georgetowne Shopping Center Represented By KSR In Brooklyn
2181 Ralph Avenue
$67
$67/SF
Building Size
4,154 SF
Asset Type
Retail
Closing
Jan 17, 2025
About this deal
AI
The asset involved in the transaction is a retail property located at 2181 Ralph Avenue in the Georgetowne Shopping Center. The property consists of a total of 4,154 square feet and was leased at an asking rent of $67 per square foot in the Brooklyn market.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $67/ft
- Square Footage: 4,154
- Address: Georgetowne Shopping Center - 2181 Ralph Avenue
- Market: Brooklyn
- Landlord: Federal Realty
- Tenant: Cornbread Soul
- Landlord's Representative: Scott Sher, Daniel DePasquale, Michael Peguero & Sean Philipps - Katz & Associates
- Tenant's Representative: George Skaliarinis & Jacky Yedid - KSR
- Lease Type: Retail Lease
The deal was facilitated by representatives from both sides with Scott Sher, Daniel DePasquale, Michael Peguero & Sean Philipps representing the landlord Federal Realty through Katz & Associates. On the tenant side, George Skaliarinis & Jacky Yedid served as representatives for Cornbread Soul through KSR.
On the Map
$67
$67/SF
Retail
View full map
Players
Brooklyn Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Visit Sean Philipps to view all their deals.
Browse Brooklyn retail leases on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
236761.19%
Cash-on-Cash
-67667.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93