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321 Starr Street

Arel Capital Leases Retail Space To Goodnight Bar At 321 Starr Street In Brooklyn
LEASEDRetail

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

Meyer Dagmy
Verified Badge

Meyer Dagmy

MOD

Broker

$5.5M

vol

95 deals

Broker
Arel Capital
Arel CapitalLandlord

Brooklyn Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

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