LEASEDRetail
Brooklyn Safehouse Leases Retail Space At 949 Grand Street In Williamsburg
949 Grand Street, New York City, New York 10002, United States
Building Size
1,250 SF
Asset Type
Retail
Closing
Mar 7, 2022
AI
Brooklyn Safehouse has signed a lease for a retail space located at 949 Grand Street in the Williamsburg market. The property spans 1,250 square feet and has an asking rent of $38.40 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Date: March 8, 2022
- Address: 949 Grand Street
- Market: Williamsburg
- Landlord: Saul Maslavi
- Tenant: Brooklyn Safehouse
- Broker: Joseph DiPiazza - EXR
- Asking Rent: $38.40/ft.
- Square Footage: 1,250
Joseph DiPiazza of EXR represented Brooklyn Safehouse in this lease deal with Saul Maslavi.
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