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89 North 6th Street

Tecovas Leases 4174 Square Feet Retail Space At 89 North 6th Street In Williamsburg
LEASEDRetail

Tecovas Leases 4174 Square Feet Retail Space At 89 North 6th Street In Williamsburg

89 North 6th Street

Building Size

4,174 SF

Asset Type

Retail

Closing

Dec 3, 2025

AI

The property involved in the transaction is a retail space located at 89 North 6th Street, Williamsburg, Brooklyn, encompassing 4,174 square feet. The lease agreement was made in a competitive market, with the specific terms of the transaction not detailed in the provided context.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 89 North 6th Street
  • Market: Williamsburg, Brooklyn
  • Square Footage: 4,174
  • Landlord: Anthony E. Malkin - Empire State Realty
  • Tenant: David Lafitte - Tecovas
  • Brokers: Matthew Seigel & Skye Taylor - Lantern Real Estate; Fred Posniak - Empire State Realty Trust

Anthony E. Malkin, representing Empire State Realty, is the landlord in this lease agreement. David Lafitte, who represents Tecovas as the tenant, will occupy the leased space. The leasing process involved the expertise of Matthew Seigel and Skye Taylor from Lantern Real Estate, who acted as brokers for Tecovas, while Fred Posniak from Empire State Realty Trust also participated in facilitating the transaction.

Players

Matthew Seigel

Lantern Real Estate

Broker

4 deals

Broker
Empire State Realty Trust
Empire State Realty TrustLandlord

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93