Matthew Krell Of Alvarez & Marsal Facilitates Retail Lease In Brooklyn At 70 N 4th St
70 N 4th St, Brooklyn, NY, 11249
Building Size
12,000 SF
Asset Type
Retail
Closing
Aug 11, 2021
About this deal
AI
This retail asset is located at 70 N 4th St, Brooklyn, NY, 11249, and spans 12,000 square feet. It is situated in the Brooklyn market, serving as a prime location for retail activities.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 70 N 4th St, Brooklyn, NY, 11249
- Square Feet: 12,000
- Tenant's Representative: Matthew Krell -Alvarez & Marsal Property Solutions
- Landlord: Asana Partners
- Date: 08/11/2021
Matthew Krell represented the tenant in this leasing transaction, while Asana Partners acted as the landlord. Their involvement highlights the key roles played by these parties in facilitating the lease agreement.
On the Map
Retail
View full map
Players
Brooklyn Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Browse New York retail leases on Traded.
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