GP 81 Signs Retail Lease At 379 Jefferson St In Bushwick, Brooklyn
379 Jefferson Street
$50
$50/SF
Building Size
6,500 SF
Asset Type
Retail
Closing
Jan 15, 2024
AI
The retail property located at 379 Jefferson Street in Bushwick, Brooklyn, was leased in a transaction involving a Modified Gross Lease with an asking rent of $50 per square foot for a space spanning 6,500 square feet. The lease term for this transaction spans 10 years.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not Applicable
- Landlord: Walter Graur - WM 379 Realty
- Tenant: GP 81
- Broker: Max Lu - M2 CRE
The landlord for this transaction is Walter Graur representing WM 379 Realty, while the tenant is GP 81. Serving as the broker in this deal is Max Lu from M2 CRE.
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