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55 Willoughby Street

Lonicera Partners Leases Retail Space To Bagel Cafe Luxe At 55 Willoughby Street Brooklyn
LEASEDRetail

Lonicera Partners Leases Retail Space To Bagel Cafe Luxe At 55 Willoughby Street Brooklyn

55 Willoughby Street

$168

$168/SF

Building Size

1,137 SF

Asset Type

Retail

Closing

Jun 3, 2025

AI

The property involved in this lease transaction is located at 55 Willoughby Street in Brooklyn, representing a retail asset type. The asking rent for the space is $168 per square foot, totaling 1,137 square feet in size. The lease type is categorized as a retail lease.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $168/ft
  • Lease Type: Retail Lease
  • Landlord: Lonicera Partners
  • Tenant: Bagel Cafe Luxe
  • Landlord's Rep: George Danut & Ryan Condren - JLL
  • Tenant's Rep: Benjamin Namdar
  • Date: 6/4/2025

This transaction features key representatives in the leasing agreement, including George Danut and Ryan Condren from JLL, acting on behalf of Lonicera Partners, the landlord. Benjamin Namdar serves as the representative for the tenant, Bagel Cafe Luxe, further facilitating the lease agreement.

Players

George Danut

JLL

Broker

4 deals

Broker
JLL
JLLBrokerage

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

94422.62%

Cash-on-Cash

-26986.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93