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:
- Property Type: Retail
- Transaction Date: 08/12/2021
- Address: 43 Franklin Street
- Market: Greenpoint
- Tenant: Brooklyn Safehouse/Propaganda Bar
- Landlord: Yidel Hirsch
- Tenant's Representative: Joseph DiPiazza - EXRNY ([email protected])
- Landlord's Representative: Archibald Rowan - EXRNY ([email protected])
- Asking Rent: $129/ft.
- Square Footage: 700
The lease deal was successfully concluded with a rental price of $129 per square foot and an area of approximately 700 square feet.
Players
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