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800 Broadway, Brooklyn, New...

Focus Brands Leases Retail Space At 800 Broadway In Broadway Triangle
LEASEDRetail

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

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

Dean Rosenzweig

Broker

$25.5M

vol

13 deals

Broker
FB
Focus BrandsTenant

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