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385 Henry St Brooklyn, NY 1...

J3K Real Estate Leases Retail Space To Eckstrom NYC & Frog Wine Shop At 385-391 Henry Street In Cobble Hill, Brooklyn
LEASEDRetail

J3K Real Estate Leases Retail Space To Eckstrom NYC & Frog Wine Shop At 385-391 Henry Street In Cobble Hill, Brooklyn

385 Henry St Brooklyn, NY 11201, USA

$100

$100/SF

Building Size

1,500 SF

Asset Type

Retail

Closing

Jul 1, 2023

AI

The property involved in this transaction is a retail asset located at 385-391 Henry Street in Cobble Hill, Brooklyn. The property spans approximately 1,500 square feet. The lease deal was completed on 07/01/2023.

Summary of transaction details

Eckstrom NYC & Frog Wine Shop are the tenants involved in this lease transaction. The deal was facilitated by Jon Kamali, Jeremy Kamali, and Justin Kamali of J3K Real Estate, acting as the brokers. The asking rent for the 1,500 square foot space was $100 per square foot.

Players

Jon Kamali

J3K Real Estate

Broker

$139.3M

vol

31 deals

Broker
N
NYCTenant

Market 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

158630.00%

Cash-on-Cash

-45336.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93