Brooklyn Safehouse Leases Retail Space At 45 Broadway In Williamsburg, Brooklyn
45 Broadway
$75
$75/SF
Building Size
2,888 SF
Asset Type
Retail
Closing
Nov 13, 2023
AI
Brooklyn Safehouse has leased a 2,888 square foot retail space at 45 Broadway in Williamsburg, Brooklyn. The NNN lease was facilitated by Joseph DiPiazza, John Le Vine, and Archibald Rowan of EXR. This marks Joseph DiPiazza's fourth deal with Brooklyn Safehouse, assisting the bar operator in expanding from a single storefront to four locations throughout Brooklyn. John Le Vine from EXR represented the landlord, Frontgate Management, in the transaction. The lease was executed through 45 Broadway NY LLC, with EXR representing both the tenant and the landlord.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: N/A
- Address: 45 Broadway, Williamsburg, Brooklyn
- Tenant: Brooklyn Safehouse
- Landlord: Frontgate
- Brokers: Joseph DiPiazza, John Le Vine, and Archibald Rowan - EXR
- Asking Rent: $75/ft
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
211506.67%
Cash-on-Cash
-60449.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93