Half Full Hospitality Leases Retail Space At 229 Kent Avenue In Williamsburg, Brooklyn
229 Kent Ave, Brooklyn, NY 11249, USA
Building Size
2,600 SF
Asset Type
Retail
Closing
Jun 3, 2020
About this deal
AI
An retail property located at 229 Kent Avenue in Williamsburg, Brooklyn has been leased. The property has a total space of 2,600 square feet, with 1,500 square feet on the ground floor, 800 square feet below grade, and a 300 square foot backyard. The tenant for this space is Half Full Hospitality and the landlord is Mendel Gold. The asking rent for the lease was $120 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
The lease deal was facilitated by Alan Chabbott and Brendan Thrapp from EXR Real Estate, representing both the tenant and the landlord. For more information about this deal, you can contact Alan Chabbott at (516) 776-0363 or [email protected], and Brendan Thrapp at (201) 787-9679 or [email protected].
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Retail
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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