LEASEDRetail
Northlink Capital Leases Retail Space At 510 Driggs Ave In Brooklyn, NY
510 Driggs Ave, Brooklyn, NY, 11211
Building Size
12,250 SF
Asset Type
Retail
Closing
Aug 12, 2022
AI
The property at 510 Driggs Ave, Brooklyn, NY, 11211, is a retail asset spanning 12,250 square feet. The landlord of this property is Northlink Capital.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not Provided
- Market: Brooklyn
- Tenant's Rep: Nick Vanella
Nick Vanella served as the tenant's representative in the lease transaction of the retail property located at 510 Driggs Ave, Brooklyn. The deal was completed on 08/12/2022.
Players
Northlink CapitalLandlord
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93