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
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