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447 Bergen Street

Nabil Chowdhury Leases Retail Space To Surfish Bistro III At 447 Bergen Street, Brooklyn
LEASEDRetail

Nabil Chowdhury Leases Retail Space To Surfish Bistro III At 447 Bergen Street, Brooklyn

447 Bergen Street

$160

$160/SF

Building Size

1,200 SF

Asset Type

Retail

Closing

Feb 19, 2025

AI

The property involved in this lease transaction is a retail asset located at 447 Bergen Street, Brooklyn. The asking rent for this 1,200 square foot space is set at $160 per square foot under a Modified Gross Lease agreement.

Summary of transaction details:

Noam Aziz and Mariko Tanaka represent Meridian Capital Group in this lease transaction, facilitating the agreement between landlord Nabil Chowdhury and tenant Surfish Bistro III.

Players

Noam Aziz

Meridian Capital Group

Broker

$900K

vol

231 deals

Broker

Nabil Chowdhury

Landlord

10 deals

Landlord

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

99143.75%

Cash-on-Cash

-28335.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93