David Freid Leases Retail Space At 265 Metropolitan Avenue To Poke Plus With Brokers Leo Beda Sherry Chera Joey Sakkal
265 Metropolitan Avenue
$147
$147/SF
Building Size
900 SF
Asset Type
Retail
Closing
Aug 28, 2024
About this deal
AI
The property involved in the transaction is a retail space located at 265 Metropolitan Avenue in the Williamsburg market. The asset has a square footage of 900 and is leased at an asking rent of $147 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $132,300
- Landlord: David Freid
- Tenant: Poke Plus
- Brokers: Leo Beda, Sherry Chera & Joey Sakkal - Tri State Commercial Realty
- Lease Type: Retail Lease
This deal was orchestrated by brokers Leo Beda, Sherry Chera, and Joey Sakkal, who represent Tri State Commercial Realty in facilitating the lease agreement between the landlord and the tenant.
On the Map
$147
$147/SF
Retail
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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
107911.56%
Cash-on-Cash
-30841.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93