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
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