Pasquale Pescatore Leases 2000 Square Feet To 18th Ward Brewing In Brooklyn
300 Richardson St, Brooklyn, NY, 11222
Building Size
2,000 SF
Asset Type
Retail
Closing
Feb 19, 2019
About this deal
AI
The property involved in this transaction is a leased space located at 300 Richardson St, Brooklyn, NY, 11222. The asset encompasses a total of 2,000 square feet and falls within the Brooklyn market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 300 Richardson St, Brooklyn, NY, 11222
- Square Feet: 2000
- Landlord: Pasquale Pescatore
- Tenant: 18th Ward Brewing
- Landlord's Representative: Lauren Alexandra Curcio, Jill Pescatore-Worth Property Group
In this transaction, the representatives involved include Lauren Alexandra Curcio and Jill Pescatore from Worth Property Group, acting on behalf of the landlord, Pasquale Pescatore, while the tenant is represented by 18th Ward Brewing.
On the Map
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93