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35 Pearl Street

Aveda Arts & Sciences Institute New York Leases Retail Space At 35 Pearl Street In Dumbo
LEASEDRetail

Aveda Arts & Sciences Institute New York Leases Retail Space At 35 Pearl Street In Dumbo

35 Pearl Street

$50

$50/SF

Building Size

16,761 SF

Asset Type

Retail

Closing

Aug 5, 2024

AI

The property asset involved in this transaction is a retail space located at 35 Pearl Street in the Dumbo market, comprising a total square footage of 16,761. The asking rent for this location is $50 per square foot, under a retail lease agreement.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $50/ft
  • Address: 35 Pearl Street
  • Market: Dumbo
  • Landlord: Jed Walentas - Two Trees
  • Tenant: Aveda Arts & Sciences Institute New York
  • Brokers: Eli Yadid, Nathan Ades & Rafael Benor - KSR

KSR represented Aveda Arts & Sciences Institute New York in this retail lease transaction. Eli Yadid, Nathan Ades, and Rafael Benor played crucial roles as the broker representatives, ensuring the successful completion of the deal.

Players

Eli Yadid

Kassin Sabbagh Realty

Broker

$16M

vol

38 deals

Broker

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

317260.00%

Cash-on-Cash

-90673.88%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93