facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Retail

/

Lease

/

219 Bedford Avenue, Brookly...

ATLA Williamsburg Leases Retail Space In Williamsburg, Brooklyn
LEASEDRetail

ATLA Williamsburg Leases Retail Space In Williamsburg, Brooklyn

219 Bedford Avenue, Brooklyn, New York 11211, United States

Building Size

1,100 SF

Asset Type

Retail

Closing

Feb 6, 2022

AI

The retail property located at 219 Bedford Ave in Williamsburg, leased to ATLA Williamsburg, was recently involved in a closed transaction. The lease was facilitated by Richard Babeck and Eddie Keda of Tri State Commercial Realty. The property measures approximately 1,800 square feet and was rented at an asking rent of $120 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Date: 02/07/2022
  • Address: 219 Bedford Ave
  • Market: Williamsburg
  • Landlord: Metropolitan Avenue Associates - Monique Rana
  • Tenant: ATLA Williamsburg
  • Brokers: Richard Babeck & Eddie Keda - Tri State Commercial Realty
  • Asking Rent: $120 per square foot

The lease transaction for the retail property at 219 Bedford Ave was successfully negotiated by Richard Babeck and Eddie Keda, representing Tri State Commercial Realty. They played a crucial role in facilitating the deal between Metropolitan Avenue Associates, represented by Monique Rana, and the tenant, ATLA Williamsburg.

Players

Jordan Raphan

Kassin Sabbagh Realty

Broker

42 deals

Broker
MA
Metropolitan Avenue AssociatesLandlord

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

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