PKLYN Pickleball Leases Retail Space At 80 4th Street In Gowanus, Brooklyn With Landlord's Rep Ryan Condren And Tenant's Rep Ralph Hanan & Brett Weinblatt - Compass
80 4th St Brooklyn, NY 11231, USA
$50
$50/SF
Building Size
16,876 SF
Asset Type
Retail
Closing
Jul 28, 2023
AI
A retail space located at 80 4th Street in Gowanus, Brooklyn has been leased. The property spans 16,876 square feet and has an asking rent of $50 per square foot. The lease term is set for 10 years.
Summary of transaction details
- Property Type: Retail
- Asking Rent: $50/ft
- Square Footage: 16,876
- Address: 80 4th Street, Gowanus, Brooklyn
- Market: Gowanus, Brooklyn
The landlord of the property is Bill Caleo, and the tenant is PKLYN Pickleball. Representing the landlord in the deal is Ryan Condren from JLL. The tenant's representatives are Ralph Hanan and Brett Weinblatt from Compass.
Players
Market 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
317260.00%
Cash-on-Cash
-90673.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93