Hungry Ghost Coffee Leases Retail Space At 721 Metropolitan Ave Brooklyn From MET Group
721 Metropolitan Ave
$75
Building Size
—
Asset Type
Retail
Closing
Jan 1, 2017
AI
The asset involved in this transaction is a retail property located at 721 Metropolitan Ave in Brooklyn. The leasing transaction was completed on January 1, 2017. The property is positioned in a market that supports retail operations, catering to a diverse clientele.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 721 Metropolitan Ave
- Market: Brooklyn
- Tenant: Hungry Ghost Coffee
- Landlord: MET Group
- Broker: Thomas Caliendo - Tide Realty Group
- Co-broker: Daniel D. DePasquale
This deal involved key participants, including the tenant, Hungry Ghost Coffee, who will operate from the leased space. The landlord, MET Group, is responsible for the property, while Thomas Caliendo from Tide Realty Group acted as the broker for the transaction, alongside co-broker Daniel D. DePasquale.
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
211506.67%
Cash-on-Cash
-60449.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93