Ironstone Partners Leases Retail Space To Kona Coffee At 328 Nassau Avenue In Brooklyn
328 Nassau Avenue
$60
$60/SF
Building Size
2,000 SF
Asset Type
Retail
Closing
Aug 14, 2024
AI
The retail asset located at 328 Nassau Avenue in Brooklyn has been leased. The property encompasses a total area of 2,000 square feet and was listed with an asking rent of $60 per square foot, structured under a NNN Lease agreement.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $120,000
- Address: 328 Nassau Avenue
- Landlord: Ironstone Partners
- Tenant: Kona Coffee
- Brokers: John Le Vine & Joseph DiPiazza - EXR
- Date: 08/14/2024
John Le Vine and Joseph DiPiazza, representing EXR, facilitated the lease transaction. The deal signifies a successful agreement between the landlord, Ironstone Partners, and tenant, Kona Coffee, marking their operational presence in Brooklyn.
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
264383.33%
Cash-on-Cash
-75561.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93