Element Beauty Lounge Leases Retail Space In Williamsburg, Brooklyn
517 Dekalb Avenue, Brooklyn, New York 11205, United States
Building Size
1,050 SF
Asset Type
Retail
Closing
Apr 3, 2022
About this deal
AI
Located at 517 DeKalb Ave in Williamsburg, Brooklyn, this retail property has recently been leased. The deal was concluded on 04/04/2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Leased
- Address: 517 DeKalb Ave, Williamsburg, Brooklyn
- Market: Williamsburg, Brooklyn
- Landlord: Nate Dykman
- Tenant: Element Beauty Lounge
- Brokers: Jake Brodie & Ari Weber - Brookliv
The leasing of this property was facilitated by Jake Brodie & Ari Weber of Brookliv, who represented both the landlord and the tenant in the transaction. The leasing terms included an asking rent of $35 per square foot for a total of 1,050 square feet.
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Retail
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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