The Brooklyn Montessori School Leases Retail Space At 99 Fleet Place, Downtown Brooklyn
99 Fleet Place
$75
$75/SF
Building Size
4,000 SF
Asset Type
Retail
Closing
Mar 19, 2024
AI
The retail property located at 99 Fleet Place in Downtown Brooklyn was leased to The Brooklyn Montessori School by the landlord, 101 Fleet Holdings. The deal was facilitated by brokers Eli Yadid, Rafael Benor, and Nathan Ades of KSR. The retail lease had an asking rent of $75 per square foot for a total of 4,000 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not Applicable
- Tenant: The Brooklyn Montessori School
- Landlord: 101 Fleet Holdings
- Brokers: Eli Yadid, Rafael Benor, and Nathan Ades - KSR
- Address: 99 Fleet Place
- Market: Downtown Brooklyn
- Asking Rent: $75 per square foot
- Lease Type: Retail Lease
Rafael Benor, Eli Yadid, and Nathan Ades played key roles as brokers representing the respective parties in the lease transaction. The involvement of these individuals highlights their expertise and contribution to successfully securing the lease agreement between The Brooklyn Montessori School and 101 Fleet Holdings.
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
211506.67%
Cash-on-Cash
-60449.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93