SEV Leases Retail Space In Downtown Brooklyn
32 Court St Brooklyn, NY 11201, USA
$125
$125/SF
Building Size
1,600 SF
Asset Type
Retail
Closing
Jul 6, 2023
AI
The retail space located at 32 Court Street in Downtown Brooklyn has recently been leased. The property, spanning 1,600 square feet, was leased by SEV. The lease was facilitated by Voro Real Estate, with Christina Combias representing the tenant. The landlord, Sam Friedman, was represented by David Green and David Sabbagh from KSR. The asking rent for the space was $125 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Lease
- Address: 32 Court Street, Downtown Brooklyn
- Market: Downtown Brooklyn
- Tenant: SEV
- Tenant's Representative: Christina Combias - Voro Real Estate
- Landlord: Sam Friedman
- Landlord's Representatives: David Green and David Sabbagh - KSR
- Asking Rent: $125 per square foot
- Square Footage: 1,600
The lease transaction at 32 Court Street involved the tenants, SEV, and the landlord, Sam Friedman. Voro Real Estate represented the tenant, with Christina Combias acting as their representative. On the other side, KSR provided representation for the landlord, with David Green and David Sabbagh serving as their representatives. The lease agreement was finalized with an asking rent of $125 per square foot for the retail space.
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
126904.00%
Cash-on-Cash
-36269.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93