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:
- Property Type: Retail
- Transaction Amount: $126/ft
- Square Footage: 1,000
- Address: 242 Wythe Avenue
- Market: Williamsburg, Brooklyn
- Landlord: Isaac Leftkowitz
- Tenant: Baggu
- Brokers: Maurice Amar & Sherry Chera - Tri State Commercial Realty
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
Brooklyn Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
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