Baker Health Leases Retail Space At 510 Driggs Avenue In NYC
510 Driggs Avenue, Brooklyn, New York 11211, United States
$165
$165/SF
Building Size
4,000 SF
Asset Type
Retail
Closing
Jan 24, 2023
AI
The retail space located at 510 Driggs Avenue in New York City has recently been leased. The transaction took place on January 24, 2023, and the space spans approximately 4,000 square feet. The landlord, Northlink Capital, entered into the lease agreement with Baker Health.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: N/A
- Asking Rent: $165/ft.
- Market: New York City
Brendan Thrapp and Nate Mallon from Verada Retail represented the landlord, Northlink Capital, in the lease agreement. Samuel Bernhaut from CBRE acted as the tenant's representative, assisting Baker Health throughout the negotiation process.
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
96139.39%
Cash-on-Cash
-27476.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93