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
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