WB Market & Convenience Leases Retail Space In Williamsburg, Brooklyn
364 Bedford Avenue, Brooklyn, New York 11249, United States
Building Size
1,200 SF
Asset Type
Retail
Closing
Apr 27, 2022
AI
The Rubic Group has leased a retail space located at 364 Bedford Ave. in Williamsburg. The space, with a size of 1,200 square feet, was leased to WB Market & Convenience. The deal was facilitated by brokers Fredy Halabi and Avi Akiva from Tri State Commercial Realty. The asking rent for the property was $120 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Date: 04/28/2022
- Address: 364 Bedford Ave.
- Market: Williamsburg
- Landlord: The Rubic Group - Jay Rubin
- Tenant: WB Market & Convenience
- Brokers: Fredy Halabi & Avi Akiva - Tri State Commercial Realty
- Asking Rent: $120/ft.
- Square Footage: 1,200
Fredy Halabi and Avi Akiva from Tri State Commercial Realty were the brokers involved in representing both the landlord, The Rubic Group, and the tenant, WB Market & Convenience, in the lease transaction.
Players
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