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
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
264383.33%
Cash-on-Cash
-75561.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93