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32 Court St Brooklyn, NY 11...

SEV Leases Retail Space In Downtown Brooklyn
LEASEDRetail

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

David Sabbagh

Kassin Sabbagh Realty

Broker

61 deals

Broker

Sam Friedman

Landlord

$13.9M

vol

4 deals

Landlord

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