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318 Bedford Avenue, Brookly...

Dashan Signs Lease For Retail Space At 318 Bedford Avenue In Williamsburg
LEASEDRetail

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

Abe Steinberg

Doorway NYC

Broker

$1.3M

vol

4 deals

Broker

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