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721 Metropolitan Ave

Hungry Ghost Coffee Leases Retail Space At 721 Metropolitan Ave Brooklyn From MET Group
LEASEDRetail

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:

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

Thomas Caliendo

Tide Realty Group

Broker

$7.6M

vol

47 deals

Broker

MET Group

Landlord
Landlord
MG
MET GroupLandlord

Hungry Ghost Coffee

Tenant
Tenant
HC
Hungry Ghost CoffeeTenant

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