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242 Wythe Avenue

Isaac Leftkowitz Leases Retail Space To Baggu At 242 Wythe Avenue In Williamsburg Brooklyn
LEASEDRetail

Isaac Leftkowitz Leases Retail Space To Baggu At 242 Wythe Avenue In Williamsburg Brooklyn

242 Wythe Avenue

$126

$126/SF

Building Size

1,000 SF

Asset Type

Retail

Closing

Jul 3, 2024

AI

The property asset involved in this transaction is a retail space located at 242 Wythe Avenue in Williamsburg, Brooklyn. The lease type is a Modified Gross Lease, with an asking rent of $126 per square foot for a space measuring 1,000 square feet.

Summary of transaction details:

The deal includes notable individuals such as Isaac Leftkowitz as the landlord and Baggu as the tenant, facilitated by brokers Maurice Amar and Sherry Chera from Tri State Commercial Realty. Their involvement underscores the professional representation crucial to this leasing arrangement.

Players

Maurice Amar

Tri State Commercial Realty

Broker

7 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

125896.83%

Cash-on-Cash

-35981.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93