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888 Manhattan Avenue

The Sleep Loft Signs Retail Lease At 888 Manhattan Avenue In Greenpoint Brooklyn With John Le Vine & Joseph DiPiazza As Landlord's Representatives
LEASEDRetail

The Sleep Loft Signs Retail Lease At 888 Manhattan Avenue In Greenpoint Brooklyn With John Le Vine & Joseph DiPiazza As Landlord's Representatives

888 Manhattan Avenue

$84

Building Size

Asset Type

Retail

Closing

Sep 19, 2024

AI

The property asset involved in this transaction is a retail lease located at 888 Manhattan Avenue in Greenpoint, Brooklyn. The asking rent for the 2,000 square feet of space is $84 per foot.

Summary of transaction details:

This transaction showcases the collaborative efforts of both parties' representatives, with John Le Vine and Joseph DiPiazza acting on behalf of the landlord and Jordan Langer representing the tenant in this lease agreement.

Players

Joseph DiPiazza

EXR

Broker

$50.6M

vol

36 deals

Broker

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

188845.24%

Cash-on-Cash

-53972.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93