P.F. Candle Co. Signs Retail Lease At 242 Wythe Avenue Williamsburg With Landlord Isaac Leftkowitz
242 Wythe Avenue
$128
$128/SF
Building Size
800 SF
Asset Type
Retail
Closing
Sep 20, 2024
AI
The retail asset located at 242 Wythe Avenue in Williamsburg, Brooklyn, has a total area of 800 square feet. The asking rent for this property is set at $128 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $128/ft
- Square Footage: 800
- Landlord: Isaac Leftkowitz
- Tenant: P.F. Candle Co.
- Broker: Sherry Chera - Tri State Commercial Realty
- Lease Type: Retail Lease
This transaction involved Isaac Leftkowitz as the landlord and P.F. Candle Co. as the tenant, with Sherry Chera from Tri State Commercial Realty representing the landlord in this leasing agreement.
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
123929.69%
Cash-on-Cash
-35419.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93