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510 Driggs Avenue, Brooklyn...

Baker Health Leases Retail Space At 510 Driggs Avenue In NYC
LEASEDRetail

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

Nathaniel Mallon

Verada

Broker

$9.8M

vol

24 deals

Broker
Northlink Capital
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

96139.39%

Cash-on-Cash

-27476.93%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93