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31 Lincoln Rd, Brooklyn, NY...

Updated Oct 29, 2024

POM Group Leases Retail Space At 31 Lincoln Rd, Brooklyn For $60/SF
LEASEDRetail

POM Group Leases Retail Space At 31 Lincoln Rd, Brooklyn For $60/SF

31 Lincoln Rd, Brooklyn, NY, 11225

$60

$60/SF

Building Size

12,300 SF

Asset Type

Retail

Closing

Dec 13, 2016

About this deal

AI

The property at 31 Lincoln Rd, Brooklyn, NY, 11225, is a retail space comprising 12,300 square feet. The lease for this property was signed on December 13, 2016, with POM Group as the tenant. The rental rate for this space is $60 per square foot. The landlord, Lincoln Park Partners, was represented by Louie Hamdan from Kalmon Dolgin Affiliates.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not Applicable
  • Market: Brooklyn
  • Landlord's Rep: Louie Hamdan (Kalmon Dolgin Affiliates)
  • Tenant: POM Group
  • Landlord: Lincoln Park Partners
  • Rent/SF: $60
  • Square Feet: 12,300

The deal involved the landlord, Lincoln Park Partners, represented by Louie Hamdan of Kalmon Dolgin Affiliates, and the tenant, POM Group. The lease agreement for this retail space signifies a significant transaction within the Brooklyn market, demonstrating the collaboration between the respective parties to secure this property for the tenant's business operations.

Players

Louie Hamdan

Kalmon Dolgin Affiliates

Broker

1 deal

Broker

Brooklyn Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Deal FAQ

About $60 per square foot on a published $60 for 12,300 square feet (2016).

Visit Kalmon Dolgin Affiliates to view all their deals.

Browse New York retail leases on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

264383.33%

Cash-on-Cash

-75561.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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