Focus Brands Leases Retail Space At 800 Broadway In Broadway Triangle
800 Broadway, Brooklyn, New York 11206, United States
$121
$121/SF
Building Size
1,100 SF
Asset Type
Retail
Closing
Aug 31, 2022
AI
Focus Brands has recently leased a retail space located at 800 Broadway in the Broadway Triangle market. The lease transaction was finalized on August 31, 2022.
Summary of transaction details
- Property Type: Retail
- Address: 800 Broadway
- Market: Broadway Triangle
- Landlord: Mordy Getz
- Tenant: Focus Brands
- Landlord's Representative: Jeremy Scholder, Dean Rosenzweig & Chris Betting - CBRE
- Tenant's Representative: Greg Parassio - Booth Street
- Asking Rent: $121/ft.
- Square Footage: 1,100
The lease deal was negotiated by Greg Parassio from Booth Street, representing the tenant, and Jeremy Scholder, Dean Rosenzweig, and Chris Betting from CBRE, representing the landlord. The lease was signed for an asking rent of $121 per square foot, with a total square footage of 1,100.
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
131099.17%
Cash-on-Cash
-37468.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93