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45 Main Street

Two Trees Leases Retail Space At 45 Main Street Brooklyn To SixPenny For Long Term
LEASEDRetail

Two Trees Leases Retail Space At 45 Main Street Brooklyn To SixPenny For Long Term

45 Main Street

$150

$150/SF

Building Size

5,200 SF

Asset Type

Retail

Closing

Nov 1, 2024

AI

The property asset involved in the transaction is located at 45 Main Street in Brooklyn and is categorized as a retail asset. The asking rent for this space is set at $150 per square foot, encompassing a total area of 5,200 square feet. The lease is structured as a single net lease with a long-term commitment.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $150/ft
  • Square Footage: 5,200
  • Address: 45 Main Street
  • Market: Brooklyn
  • Landlord: Two Trees
  • Tenant: SixPenny
  • Lease Term: Long Term
  • Lease Type: Single Net Lease
  • Brokers: Brandon Singer & Michael Cody - Retail By Mona

Brandon Singer and Michael Cody represent the broker agency involved in this lease transaction, acting on behalf of the parties related to the deal. The landlords are recognized as Two Trees, while the tenants are identified as SixPenny, marking a collaborative effort in securing this lease.

Players

Brandon Singer

Retail By Mona

Broker

$84.3M

vol

60 deals

Broker

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

105753.33%

Cash-on-Cash

-30224.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93