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561 Pacific St, Brooklyn, N...

Adam America Real Estate Leases Retail Space On 561 Pacific St In Brooklyn
LEASEDRetail

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

Nathaniel Mallon

Verada

Broker

$9.8M

vol

24 deals

Broker

Adam America

Northlink Capital

Landlord

$289.6M

vol

12 deals

Landlord
RW Real Estate
RW Real EstateLandlord

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