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66 Grand Street

Tidal Real Estate Partners Leased Retail Space To Parched Hospitality Group In Brooklyn
LEASEDRetail

Tidal Real Estate Partners Leased Retail Space To Parched Hospitality Group In Brooklyn

66 Grand Street

$112

$112/SF

Building Size

2,150 SF

Asset Type

Retail

Closing

Jul 31, 2025

AI

This retail asset is located at 66 Grand Street in Brooklyn. The property encompasses a total area of 2,150 square feet. The modified gross lease was negotiated at an asking rent of $112 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $112/ft
  • Address: 66 Grand Street
  • Market: Brooklyn
  • Landlord: Tidal Real Estate Partners
  • Tenant: Parched Hospitality Group
  • Landlord's Representative: Hank O’Donnell
  • Tenant's Representatives: Jordan Cohen, Garry Steinberg & Brett Brownstein - Lee & Associates
  • Lease Type: Modified Gross Lease

The landlord, Tidal Real Estate Partners, is represented in this transaction by Hank O’Donnell. The tenant, Parched Hospitality Group, is represented by Jordan Cohen, Garry Steinberg, and Brett Brownstein from Lee & Associates.

Players

Garry Steinberg

Lee & Associates

Broker

$20M

vol

6 deals

Broker
Lee & Associates
Lee & AssociatesBrokerage

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

141633.93%

Cash-on-Cash

-40479.41%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93