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412 Evergreen Avenue

KKR & Dalan Management Lease Retail Space To Noir Well Mobile Adult Health In Brooklyn
LEASEDRetail

KKR & Dalan Management Lease Retail Space To Noir Well Mobile Adult Health In Brooklyn

412 Evergreen Avenue

$35

$35/SF

Building Size

5,000 SF

Asset Type

Retail

Closing

Dec 10, 2024

AI

The property involved in this transaction is a retail asset located at 412 Evergreen Avenue in Brooklyn. The asking rent for the retail lease is $35 per square foot, with a total square footage of 5,000. The landlord of the property is KKR & Dalan Management, and the tenant is Noir Well Mobile Adult Health N.P., P.C.

Summary of transaction details:

The deal involves key representatives from both the landlord and tenant sides. Jason Wecker and Aric Trakhtenberg from Newmark represent the landlord, while Edward Kalisvaart from Keller Williams Realty represents the tenant. Their roles were crucial in facilitating this retail lease agreement.

Players

Aric Trakhtenberg

Newmark

Broker

$8.3M

vol

50 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

453228.57%

Cash-on-Cash

-129534.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93