facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Retail

/

Lease

/

52 Court St, Brooklyn, NY 1...

Taco Bell Leases Retail Space At 52 Court Street In Downtown Brooklyn
LEASEDRetail

Taco Bell Leases Retail Space At 52 Court Street In Downtown Brooklyn

52 Court St, Brooklyn, NY 11201

$160

$160/SF

Building Size

1,500 SF

Asset Type

Retail

Closing

Jun 27, 2023

AI

A retail space located at 52 Court Street in Downtown Brooklyn has been leased. The property, spanning 1,500 square feet, was leased to Taco Bell. The landlord, Scott Smith, was represented by George Skaliarinis and Mark Gallucci from KSR. Taco Bell was represented by Alex Karas and Lee Block from Winick Realty Group. The asking rent for the space was $160 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Lease
  • Address: 52 Court Street, Downtown Brooklyn
  • Tenant: Taco Bell
  • Landlord: Scott Smith
  • Landlord's Rep: George Skaliarinis & Mark Gallucci - KSR
  • Tenant's Rep: Alex Karas & Lee Block - Winick Realty Group
  • Asking Rent: $160/ft
  • Square Footage: 1,500

The leasing deal was facilitated by George Skaliarinis and Mark Gallucci from KSR, who represented the landlord, Scott Smith. Alex Karas and Lee Block from Winick Realty Group acted as the tenant's representatives for Taco Bell. The lease agreement was signed with an asking rent of $160 per square foot for the 1,500 square feet retail space on Court Street in Downtown Brooklyn.

Players

George Skaliarinis

Kassin Sabbagh Realty

Broker

$7M

vol

53 deals

Broker

Scott Smith

Landlord

$83.9M

vol

2 deals

Landlord
TB
Taco BellTenant

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

99143.75%

Cash-on-Cash

-28335.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93