Dermot Company Leases Retail Space To Oak Berry At 230 Livingston Street In Downtown Brooklyn
230 Livingston Street
$90
$90/SF
Building Size
1,100 SF
Asset Type
Retail
Closing
Nov 1, 2024
AI
The retail asset located at 230 Livingston Street in Downtown Brooklyn has a square footage of 1,100. The landlord for this property is Dermot Company, while Oak Berry has secured the tenancy. The asking rent for this retail lease is set at $90 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $99,000
- Address: 230 Livingston Street
- Market: Downtown Brooklyn
- Lease Type: Retail Lease
- Landlord: Dermot Company
- Tenant: Oak Berry
- Brokers: Marc Sitt, Solomon Sharaby, Dorel Melloul & Selim Sabbagh - KSR
The transaction was facilitated by brokers Marc Sitt, Solomon Sharaby, Dorel Melloul, and Selim Sabbagh representing the landlord and tenant throughout the leasing process, ensuring that all aspects of the deal were handled efficiently.
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