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
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