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242 Wythe Avenue

P.F. Candle Co. Signs Retail Lease At 242 Wythe Avenue Williamsburg With Landlord Isaac Leftkowitz
LEASEDRetail

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

Sherry Chera

Tri State Commercial Realty

Broker

8 deals

Broker

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