Andrea's Chicken Signs Lease For Retail Space At 318 Grand Street In Williamsburg, Brooklyn
318 Grand Street, South Williamsburg, Brooklyn, NY, USA
Building Size
2,000 SF
Asset Type
Retail
Closing
Mar 31, 2021
About this deal
AI
Located at 318 Grand Street in Williamsburg, Brooklyn, this retail property was recently leased. The deal was finalized on 04/01/2021.
Summary of transation details:
- Property Type: Retail
- Asking Rent: $70/ft.
- Square Footage: 2,000
The tenant, Andrea's Chicken, will be occupying the space. The landlord, Paul Ivan, was represented by Keion Smith of Habendum Real Estate. Tenant representation was provided by Adam Lavian, also from Habendum Real Estate.
Habendum Real Estate, a commercial leasing and sales firm, specializes in representing both landlords and tenants throughout the five boroughs. For more information, you can contact Keion Smith, the landlord representative, at 347-661-3993, or Adam Lavian, the tenant representative, at 516-662-6176.
On the Map
Retail
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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