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55 Court Street

CBD Kratom Signs Lease For Retail Space At 55 Court Street In Downtown Brooklyn
LEASEDRetail

CBD Kratom Signs Lease For Retail Space At 55 Court Street In Downtown Brooklyn

55 Court Street

$200

$200/SF

Building Size

1,193 SF

Asset Type

Retail

Closing

Oct 26, 2022

AI

CBD Kratom has recently leased a retail space located at 55 Court Street in Downtown Brooklyn. This property offers approximately 1,193 square feet of space. The lease was facilitated by George Skaliarinis from KSR, representing the tenant, and Jason Pennington and Benjamin Weiner from RIPCO, representing the landlords Albert & Jack Laboz.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Lease
  • Address: 55 Court Street
  • Market: Downtown Brooklyn
  • Landlord: Albert & Jack Laboz
  • Tenant: CBD Kratom
  • Landlord's Rep: Jason Pennington & Benjamin Weiner - RIPCO
  • Tenant's Rep: George Skaliarinis - KSR
  • Asking Rent: $225/ft.
  • Square Footage: 1,193

This lease transaction showcases the successful collaboration between CBD Kratom and the landlords, Albert & Jack Laboz. George Skaliarinis from KSR effectively represented the tenant's interests, while Jason Pennington and Benjamin Weiner from RIPCO advocated for the landlords. The parties involved worked together to negotiate and finalize the lease, ensuring a mutually beneficial agreement.

Players

Benjamin Weiner

Ripco

Broker

10 deals

Broker
Jack Laboz

Jack Laboz

United American Land

Landlord

4 deals

Landlord
CK
CBD KratomTenant

New York 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

79315.00%

Cash-on-Cash

-22668.47%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93