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364 Bedford Avenue, Brookly...

WB Market & Convenience Leases Retail Space In Williamsburg, Brooklyn
LEASEDRetail

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

Fredy Halabi

Tri State Commercial Realty

Broker

$8.3M

vol

14 deals

Broker

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