The Boardroom Leases Retail Space At 369 Leonard St In Williamsburg With Landlord's Rep Kim Levandovsky & Max Kreinces - Retail By Mona
369 Leonard Street, Brooklyn, New York 11222, United States
$110
$110/SF
Building Size
2,200 SF
Asset Type
Retail
Closing
Nov 25, 2022
AI
The retail property at 369 Leonard St in Williamsburg has been leased to The Boardroom. The lease, which was signed on 11/25/2022, is a modified gross lease agreement. The property spans 2,200 square feet, and the asking rent was $110 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Date: 11/25/2022
- Address: 369 Leonard St
- Market: Williamsburg
- Landlord: Rybak Development
- Tenant: The Boardroom
- Asking Rent: $110/ft
- Lease Type: Modified Gross Lease
The landlord for this property is Rybak Development, while The Boardroom was represented by William Landsberg from the Kaufman Organization. Kim Levandovsky, Max Kreinces, and Brandon Singer from Retail By Mona represented the landlord.
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
144209.09%
Cash-on-Cash
-41215.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93