Bad Seed Cider Company Leases 1100 SF At 585 Franklin Ave Brooklyn From 585 F LLC
585 Franklin Ave, Brooklyn, NY, 11238
$65
$65/SF
Building Size
1,100 SF
Asset Type
Retail
Closing
Oct 5, 2017
About this deal
AI
The property involved in this transaction is located at 585 Franklin Ave, Brooklyn, NY, 11238. It is situated in the Brooklyn market and has a total area of 1,100 square feet. The rental price is set at $65 per square foot.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 585 Franklin Ave, Brooklyn, NY, 11238
- Market: Brooklyn
- Landlord: 585 F, LLC
- Landlord's Representative: Jeremy Nowak - Schuckman Realty
- Tenant: Bad Seed Cider Company
- Rent/SF: $65
- Square Feet: 1,100
The transaction features Jeremy Nowak of Schuckman Realty representing 585 F, LLC, the landlord. The tenant, Bad Seed Cider Company, is engaging in this lease agreement for the specified property.
On the Map
$65
$65/SF
Retail
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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
244046.15%
Cash-on-Cash
-69749.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93