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43 Franklin Street, Greenpo...

Brooklyn Safehouse/ Propaganda Bar Leases Retail Space At 43 Franklin Street In Greenpoint
LEASEDRetail

Brooklyn Safehouse/ Propaganda Bar Leases Retail Space At 43 Franklin Street In Greenpoint

43 Franklin Street, Greenpoint, Brooklyn, NY, USA

Building Size

700 SF

Asset Type

Retail

Closing

Aug 12, 2021

AI

The retail property located at 43 Franklin Street in Greenpoint has been leased. The tenant, Brooklyn Safehouse/Propaganda Bar, will occupy the space. The landlord of the property is Yidel Hirsch. The lease transaction was facilitated by Joseph DiPiazza from EXRNY, representing the tenant, and Archibald Rowan, also from EXRNY, representing the landlord.

Summary of transaction details:

The lease deal was successfully concluded with a rental price of $129 per square foot and an area of approximately 700 square feet.

Players

Joseph DiPiazza

EXR

Broker

$50.6M

vol

36 deals

Broker

Yidel Hirsch

Landlord

2 deals

Landlord
BS
Brooklyn SafehouseTenant

New York 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93