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379 Jefferson Street

GP 81 Signs Retail Lease At 379 Jefferson St In Bushwick, Brooklyn
LEASEDRetail

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

Max Lu

M2 CRE

Broker

8 deals

Broker

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