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61 N 9th St, New York, NY, ...

Wonder World NYC Leases 8000 Square Feet At 61 N 9th St Brooklyn Represented By Jacob Twena And Avi Akkiva
LEASEDRetail

Wonder World NYC Leases 8000 Square Feet At 61 N 9th St Brooklyn Represented By Jacob Twena And Avi Akkiva

61 N 9th St, New York, NY, 11249

Building Size

8,000 SF

Asset Type

Retail

Closing

Aug 5, 2019

AI

The property involved in this transaction is located at 61 N 9th St, New York, NY, 11249, in the Brooklyn market. The asset encompasses a total area of 8,000 square feet and serves as a venue for the immersive exhibit, Wonder World NYC. The location marks the exhibit's return to New York City following its run in Los Angeles.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 61 N 9th St, New York, NY, 11249
  • Market: Brooklyn
  • Square Feet: 8000
  • Tenant: Wonder World NYC
  • Landlord: 61 North 9th LLC
  • Tenant's Rep: Jacob Twena (Tri State Commercial Realty)
  • Landlord's Rep: Avi Akkiva (Tri State Commercial Realty)

Jacob Twena represented the tenant, while Avi Akkiva, along with Shlomi Bagdadi, represented the landlord in this lease agreement. This collaboration highlights the role of Tri State Commercial Realty in facilitating the terms for both parties involved in the transaction.

Players

Jacob Twena

Tri State Commercial Realty

Broker

1 deal

Broker

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