Hounds Town USA Leases Retail Space At 57 Jay St, Brooklyn, NY
57 Jay St, Brooklyn, NY, 11201
Building Size
4,500 SF
Asset Type
Retail
Closing
Jul 14, 2021
AI
The property at 57 Jay St, Brooklyn, NY, 11201, is a 4500 square feet retail space in the Brooklyn market leased on 07/14/2021. The landlord, Churchill Real Estate Holdings, successfully leased the space to the tenant, Hounds Town USA. The tenant was represented by Sherry Sanchez from Resolut Re.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not Applicable
- Tenant: Hounds Town USA
- Tenant's Rep: Sherry Sanchez(Resolut Re)
- Landlord: Churchill Real Estate Holdings
- Address: 57 Jay St, Brooklyn, NY, 11201
- Market: Brooklyn
- Square Feet: 4500
Sherry Sanchez from Resolut Re served as the tenant's representative in the leasing deal, connecting Hounds Town USA with Churchill Real Estate Holdings for the retail space at 57 Jay St, Brooklyn. This transaction marked a successful agreement between the tenant and the landlord in the vibrant Brooklyn market.
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