Smith Street Food & Beverage Inc. Leases Retail Space At 223 Smith Street, Cobble Hill
223 Smith Street, Brooklyn, NY, USA
Building Size
1,200 SF
Asset Type
Retail
Closing
Mar 3, 2021
About this deal
AI
Located at 223 Smith Street in Cobble Hill, this retail property was recently leased. The deal was finalized on 03/04/2021.
Summary of transation details
- Property Type: Retail
- Transaction Date: 03/04/2021
- Address: 223 Smith Street
- Market: Cobble Hill
The tenant of this property is Smith Street Food & Beverage Inc., while the landlord is Meir Bouskila. The lease was facilitated by brokers David Sabbagh, David Green, and Daniel Kestenbaum from Kassin Sabbagh Realty.
The asking rent for the property was $105 per square foot, with a total square footage of 1,200 square feet.
Players
New York 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93