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639 Driggs Avenue

K-Top Chicken Leases Retail Space At 639 Driggs Avenue Brooklyn With Landlord All Year Management
LEASEDRetail

K-Top Chicken Leases Retail Space At 639 Driggs Avenue Brooklyn With Landlord All Year Management

639 Driggs Avenue

$90

$90/SF

Building Size

1,100 SF

Asset Type

Retail

Closing

Feb 6, 2025

AI

The property involved in this transaction is a retail asset located at 639 Driggs Avenue in Brooklyn. The asking rent for this space is set at $90 per square foot, encompassing a total of 1,100 square feet. The lease term is established for a duration of 10 years, categorized as a single net lease.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $90/ft
  • Address: 639 Driggs Avenue
  • Market: Brooklyn
  • Landlord: All Year Management/ Smart Management
  • Tenant: K-Top chicken
  • Brokers: Elie Cohen, Daniel Cohen & Yaron Cohen - Leviathan Capital
  • Lease Term: 10 Years
  • Lease Type: Single Net Lease
  • Square Footage: 1,100

The deal is represented by brokers Elie Cohen, Daniel Cohen, and Yaron Cohen from Leviathan Capital, highlighting their role in facilitating this transaction between the landlord and tenant. Their involvement underscores the professional representation within the leasing process.

Players

Yaron Cohen

Leviathan Capital

Broker

12 deals

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

176255.56%

Cash-on-Cash

-50374.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93