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
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