Lease Signed For Retail Space At 785 Hart St Brooklyn For $35/SF With Brokers Emre Bozkurt And Ben Waller
785 Hart St
$35
$35/SF
Building Size
3,100 SF
Asset Type
Retail
Closing
Mar 1, 2022
AI
The property asset involved in this transaction is a retail space located at 785 Hart St, Brooklyn. It has a total area of 3100 square feet and is being leased at a rate of $35 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $108,500
- Address: 785 Hart St
- Market: Brooklyn
- Square Feet: 3100.0
- Rent/SF: $35
The transaction involved brokers Emre Bozkurt from Platinum Properties and Ben Waller from ABS Partners Real Estate, who facilitated the leasing process between the involved parties.
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
453228.57%
Cash-on-Cash
-129534.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93