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
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