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361 Court Street, Brooklyn,...

Court Street Market Signs Lease For Retail Space In Carroll Gardens
LEASEDRetail

Court Street Market Signs Lease For Retail Space In Carroll Gardens

361 Court Street, Brooklyn, New York 11231, United States

Building Size

1,100 SF

Asset Type

Retail

Closing

Mar 24, 2022

AI

The retail property located at 361 Court Street in Carroll Gardens has recently been leased. The lease transaction took place on March 25, 2022. With a size of approximately 1,100 square feet, the property is situated in a desirable market.

Summary of transaction details

  • Property Type: Retail
  • Lease Date: March 25, 2022
  • Address: 361 Court Street
  • Market: Carroll Gardens

The landlord for this property is Larry Hirschfield. The tenant who secured the lease is Court Street Market. The lease was facilitated by David Sabbagh and David Green of KSR.

The asking rent for the property was $120 per square foot, resulting in a lease value of approximately $132,000.

Players

David Sabbagh

Kassin Sabbagh Realty

Broker

61 deals

Broker

Larry Hirschfield

ELH Management

Landlord

$29.4M

vol

3 deals

Landlord

New York 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93