Joel Radmin Leases Retail Space To The Caterpillar Room At 224 Court Street For $90/ft
224 Court Street
Building Size
1,400 SF
Asset Type
Retail
Closing
Nov 1, 2026
About this deal
AI
The property asset involved in this transaction is a retail space located at 224 Court Street in Brooklyn. The asking rent for the retail space is set at $90 per square foot, with a total area of 1,400 square feet. The lease term is established for a duration of ten years and is classified as a modified gross lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $90/ft
- Lease Term: 10 Years
- Lease Type: Modified Gross Lease
- Address: 224 Court Street
- Market: Brooklyn
- Landlord: Joel Radmin
- Tenant: The Caterpillar Room
- Broker: Eric Lupo - Friedman-Roth Realty
The key individuals involved in this deal include the landlord, Joel Radmin, and the tenant, The Caterpillar Room. Eric Lupo from Friedman-Roth Realty represents the landlord in this transaction, facilitating the agreement for the lease of the retail space.
On the Map
Retail
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Players
Brooklyn 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
176255.56%
Cash-on-Cash
-50374.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93