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
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