Arel Capital Leases Retail Space To Goodnight Bar At 321 Starr Street In Brooklyn
321 Starr Street
$55
$55/SF
Building Size
1,500 SF
Asset Type
Retail
Closing
Apr 30, 2025
AI
The property asset involved in the transaction is a retail space located at 321 Starr Street in Brooklyn. The asking rent for this asset is $55 per square foot, with a total area of 1,500 square feet. The lease type for this transaction is a Modified Gross Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $55/ft
- Address: 321 Starr Street
- Market: Brooklyn
- Landlord: Arel Capital
- Tenant: Goodnight Bar
- Broker: Meyer Dagmy - MOD
- Lease Type: Modified Gross Lease
The individuals involved in the deal include Arel Capital as the landlord and Goodnight Bar as the tenant. The broker facilitating this transaction is Meyer Dagmy, representing the parties involved in the lease agreement.
Players
Brooklyn 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
288418.18%
Cash-on-Cash
-82430.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93