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:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 412 Evergreen Avenue
- Market: Brooklyn
- Asking Rent: $35/ft
- Square Footage: 5,000
- Lease Type: Retail Lease
- Landlord: KKR & Dalan Management
- Tenant: Noir Well Mobile Adult Health N.P., P.C.
- Landlord's Representative: Jason Wecker & Aric Trakhtenberg - Newmark
- Tenant's Representative: Edward Kalisvaart - Keller Williams Realty
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
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