PBIC - Golden Record Signs Lease For Retail Space In Williamsburg, Brooklyn
483 Driggs Avenue, Brooklyn, New York 11211, United States
Building Size
1,625 SF
Asset Type
Retail
Closing
Apr 19, 2022
AI
The retail property located at 483 Driggs Ave. in Williamsburg, Brooklyn has recently been leased. The property is approximately 1,625 square feet and was leased by PBIC - Golden Record. The landlord for this transaction is John Ziegler. The leasing of this retail space was facilitated by Joseph DiPiazza, Stephen Forino, and John Le Vine of EXR, one of Brooklyn's most active retail leasing companies.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Lease
- Date: 04/20/2022
- Address: 483 Driggs Ave.
- Market: Williamsburg, Brooklyn
- Landlord: John Ziegler
- Tenant: PBIC - Golden Record
This lease deal was a result of the collaborative efforts of EXR's leasing team, led by Joseph DiPiazza, Stephen Forino, and John Le Vine. They successfully negotiated the terms between the landlord and tenant, ensuring a beneficial outcome for all parties involved. EXR, with its headquarters in North Williamsburg, has a strong reputation for bringing world-class retail tenants to the borough's best spaces. PBIC - Golden Record is expected to open their store in the near future.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93