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89 North 4th Street, Brookl...

Laseraway Leases Retail Space In Williamsburg From All Year Management
LEASEDRetail

Laseraway Leases Retail Space In Williamsburg From All Year Management

89 North 4th Street, Brooklyn, New York 11249, United States

Building Size

1,850 SF

Asset Type

Retail

Closing

Mar 21, 2022

AI

The retail property located at 89 N. 4th St. in Williamsburg has recently been leased. The lease transaction took place on 03/22/2022. The property, spanning approximately 1,850 square feet, was leased by Laseraway. The landlord for this property is All Year Management. The deal was facilitated by Victor Salem and Avi Akiva from Tri State Commercial Realty.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: N/A
  • Address: 89 N. 4th St.
  • Market: Williamsburg
  • Tenant: Laseraway
  • Landlord: All Year Management
  • Brokers: Victor Salem & Avi Akiva - Tri State Commercial Realty

Victor Salem and Avi Akiva, representing Tri State Commercial Realty, played a crucial role in bringing together the landlord and tenant for this lease transaction.

Players

Victor Salem

Tri State Commercial Realty

Broker

3 deals

Broker
AM
All Year ManagementLandlord

New York 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93