Dashan Signs Lease For Retail Space At 318 Bedford Avenue In Williamsburg
318 Bedford Avenue, Brooklyn, New York 11249, United States
Building Size
2,550 SF
Asset Type
Retail
Closing
Jun 19, 2022
AI
An retail space located at 318 Bedford Avenue in Williamsburg has been leased. The property spans 2,550 square feet and was leased by Dashan. The landlord, Trust Management, was represented by Abe Steinberg from Doorway NYC, while Samuel Chera from KSR served as Dashan's representative. The lease was signed for an asking rent of $165 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Date: 06/20/2022
- Address: 318 Bedford Avenue, Williamsburg
- Market: Williamsburg
- Landlord: Trust Management
- Tenant: Dashan
- Landlord's Representative: Abe Steinberg - Doorway NYC
- Tenant's Representative: Samuel Chera - KSR
- Asking Rent: $165/ft.
- Square Footage: 2,550
Samuel Chera from KSR and Abe Steinberg from Doorway NYC were the key individuals representing Dashan and Trust Management, respectively, in this lease transaction.
Players
New York 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