Las Santas Leases 4,800 Square Feet Retail Space At 66 Rockwell Pl Brooklyn From Dermot Company & Investors
66 Rockwell Pl
Building Size
4,800 SF
Asset Type
Retail
Closing
Jan 1, 2019
About this deal
AI
The property asset involved in this transaction is a retail space located at 66 Rockwell Pl, Brooklyn. It encompasses a total area of 4,800 square feet, providing ample space for business operations. The asset is leased by Las Santas, which will operate within this site as a tenant. The landlord for this property is Dermot Company & Investors.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 66 Rockwell Pl
- Market: Brooklyn
- Square Feet: 4800.0
- Tenant: Las Santas
- Landlord: Dermot Company & Investors
- Brokers: Thomas Caliendo (Tide Realty Group), Daniel D. DePasquale
The individuals involved in this deal include Thomas Caliendo, representing Tide Realty Group as a broker. Additionally, Daniel D. DePasquale is also noted as a broker without a specified agency. These brokers play a significant role in facilitating the negotiation and execution of the lease agreement for the retail space.
On the Map
Retail
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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