Adam America Real Estate Leases Retail Space On 561 Pacific St In Brooklyn
561 Pacific St, Brooklyn, NY, 11217
Building Size
6,150 SF
Asset Type
Retail
Closing
Dec 18, 2020
AI
The property asset involved in the transaction is a retail space located at 561 Pacific St, Brooklyn, NY, 11217. The square footage of the property is 6,150 sq ft, reflecting the size of the retail establishment within the Brooklyn market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 561 Pacific St, Brooklyn, NY, 11217
- Market: Brooklyn
- Square Feet: 6150
- Landlord: Adam America Real Estate
- Landlord's Representative: Nathaniel (Nate) Mallon - Verada
This transaction involved Adam America Real Estate as the landlord, with Nathaniel (Nate) Mallon from Verada representing the landlord in this leasing deal.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93