Mr Nice Guys BK Leases Retail Space In Greenpoint, Brooklyn With Broker Representation From John Le Vine, Stephen Forino & Joseph DiPiazza - EXR
605 Manhattan Avenue
$60
$60/SF
Building Size
1,800 SF
Asset Type
Retail
Closing
Jul 11, 2022
AI
Mr Nice Guys BK has signed a lease for a retail space at 605 Manhattan Avenue in Greenpoint, Brooklyn. The property spans 1,800 square feet and the lease was brokered by John Le Vine, Stephen Forino, and Joseph DiPiazza of EXR. The asking rent for the space was $60 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Lease
The lease agreement was facilitated by John Le Vine, Stephen Forino, and Joseph DiPiazza from EXR. They represented Mr Nice Guys BK in the 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
264383.33%
Cash-on-Cash
-75561.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93