Boisson Leases Retail Space At 50 Gold St. In Dumbo For $28/ft. With Brokers Matthew Fogel & Albert Halawani - KSR
50 Gold Street
$28
$28/SF
Building Size
23,000 SF
Asset Type
Retail
Closing
Jul 25, 2022
AI
Boisson has signed a lease for a retail space located at 50 Gold St. in Dumbo. The property, spanning 23,000 square feet, was leased from landlord Paul Constellation. The deal was facilitated by brokers Matthew Fogel and Albert Halawani of KSR. The asking rent for the space was $28 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Lease
- Address: 50 Gold St.
- Market: Dumbo
- Landlord: Paul Constellation
- Tenant: Boisson
- Brokers: Matthew Fogel - KSR & Albert Halawani - KSR
- Asking Rent: $28/ft.
- Square Footage: 23,000
The deal was successfully negotiated by Matthew Fogel and Albert Halawani of KSR, who represented Boisson in the lease transaction.
Players
New York 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
566535.71%
Cash-on-Cash
-161917.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93