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56 Willoughby St Brooklyn, ...

Dong Ting Lake Leases Retail Space In Downtown Brooklyn For $125/ft
LEASEDRetail

Dong Ting Lake Leases Retail Space In Downtown Brooklyn For $125/ft

56 Willoughby St Brooklyn, NY 11201, USA

$125

$125/SF

Building Size

3,600 SF

Asset Type

Retail

Closing

Jul 5, 2023

AI

A retail property located at 56 Willoughby Street in Downtown Brooklyn has been leased. The property, measuring 3,600 square feet, was leased by United American Land to Dong Ting Lake, Inc. The lease transaction was facilitated by brokers Jordan Raphan and Samuel Chera from KSR. The asking rent for the space was $125 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: N/A
  • Address: 56 Willoughby Street
  • Market: Downtown Brooklyn

Jordan Raphan and Samuel Chera from KSR represented Dong Ting Lake, Inc in the lease deal. Both brokers played a key role in negotiating the terms and conditions of the lease agreement.

Players

Samuel Chera

Kassin Sabbagh Realty

Broker

29 deals

Broker
United American Land
United American LandLandlord

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

126904.00%

Cash-on-Cash

-36269.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93