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447 Bergen Street

Nabil Chowdhury Of Tristar Management Leases Retail Space To Surfish Bistro In Prospect Heights
LEASEDRetail

Nabil Chowdhury Of Tristar Management Leases Retail Space To Surfish Bistro In Prospect Heights

447 Bergen Street

$200

$200/SF

Building Size

1,100 SF

Asset Type

Retail

Closing

Feb 18, 2025

AI

The retail asset involved in this transaction is located at 447 Bergen Street in the Prospect Heights market. The asking rent for this property was set at $200 per square foot, covering a total area of 1,100 square feet.

Summary of transaction details:

This transaction involves key stakeholders such as landlord Nabil Chowdhury representing Tristar Management and tenant Surfish Bistro. The representatives facilitating the deal include Albert Salameh and David Green from KSR for the landlord, alongside Mariko Tanaka and Noam Aziz from Meridian Capital Group representing the tenant.

Players

David Green

Kassin Sabbagh Realty

Broker

$447M

vol

176 deals

Broker
Kassin Sabbagh Realty
Kassin Sabbagh RealtyBrokerage

Nabil Chowdhury

Tristar Management

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

79315.00%

Cash-on-Cash

-22668.47%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93