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320 Court Street, Brooklyn,...

Updated Oct 29, 2024

SocialE Brooklyn Leases Retail Space At 320 Court Street In Brooklyn For $120 PSF
LEASEDRetail

SocialE Brooklyn Leases Retail Space At 320 Court Street In Brooklyn For $120 PSF

320 Court Street, Brooklyn, NY 11231, USA

Building Size

18,000 SF

Asset Type

Retail

Closing

Jan 14, 2019

About this deal

AI

320 Court Street in Brooklyn has been leased for retail purposes. The property covers a total area of 1,800 square feet on the ground floor and an additional 2,000 square feet on the lower level. The lease was signed on January 15, 2019. The tenant for this space is Sociale Brooklyn, an as-yet-unidentified business. The lease was facilitated by brokers Nicole Liebman from Hudson Retail and Francesco Bardazzi from PD Properties NYC. The landlord of the property is Urban Standard Cap. The lease price for this retail space is $120 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Lease
  • Address: 320 Court Street, Brooklyn
  • Square Footage: 1,800 SF on ground floor + 2,000 SF on lower level
  • Tenant: Sociale Brooklyn
  • Brokers: Nicole Liebman from Hudson Retail and Francesco Bardazzi from PD Properties NYC
  • Landlord: Urban Standard Cap
  • Lease Price: $120 per square foot

The deal to lease 320 Court Street in Brooklyn was successfully negotiated by brokers Nicole Liebman from Hudson Retail and Francesco Bardazzi from PD Properties NYC. The tenant, Sociale Brooklyn, will occupy the retail space on a lease basis. The landlord is Urban Standard Cap.

Players

Nicole Liebman

Broker

5 deals

Broker
U
UrbanStandardCapLender
U
UrbanStandardCapLandlord

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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

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