Yoseph Gultman Leases Retail Space To Bakil Aldaphri In Williamsburg For $80/ft
322 Union Avenue
$80
$80/SF
Building Size
1,200 SF
Asset Type
Retail
Closing
May 9, 2024
AI
Located at 322 Union Avenue in Williamsburg, Brooklyn, this retail property was leased in a deal involving a double net lease over a term of 10+5 years. The asset spans 1,200 square feet with an asking rent of $80 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Landlord: Yoseph Gultman
- Tenant: Bakil Aldaphri
- Broker: Frederick Betesh - Tri State Commercial Realty
Frederick Betesh of Tri State Commercial Realty served as the landlord's representative in this co-brokerage deal. For those interested in engaging in real estate transactions, Frederick Betesh can be contacted at [email protected] for further assistance.
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
198287.50%
Cash-on-Cash
-56671.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93