Dagmar Cannabis Leases Retail Space At 61 North 11th Street In Williamsburg For 10 Years
61 North 11th Street
$86
$86/SF
Building Size
4,200 SF
Asset Type
Retail
Closing
Sep 11, 2025
About this deal
AI
This retail asset is located at 61 North 11th Street in the Brooklyn market. The property encompasses a total of 4,200 square feet. The asking rent is set at $86 per square foot and is under a modified gross lease for a term of 10 years.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $86/ft
- Lease Term: 10 Years
- Lease Type: Modified Gross Lease
- Landlord: CW Realty - Cheskiel Weisz
- Tenant: Dagmar Cannabis
- Landlord's Representative: Abe Steinberg - Doorway NYC
- Brokers: Peter Weisman - Weisman NYC
Dagmar Cannabis, a Soho-based cannabis retailer, is expanding with their second location in Williamsburg, enhancing the local market with their offerings.
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
184453.49%
Cash-on-Cash
-52717.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93