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
About this deal
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:
- Property Type: Retail
- Transaction Amount: $192,000
- Address: 447 Bergen Street
- Market: Brooklyn
- Landlord: Nabil Chowdhury
- Tenant: Surfish Bistro III
- Brokers: Noam Aziz & Mariko Tanaka - Meridian Capital Group
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
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