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211 Mcguinness Boulevard

Domenick Gioia Of Stellar Management Leases Retail Space To Thundercat Pediatric Dentistry In Brooklyn
LEASEDRetail

Domenick Gioia Of Stellar Management Leases Retail Space To Thundercat Pediatric Dentistry In Brooklyn

211 Mcguinness Boulevard

$50

$50/SF

Building Size

2,396 SF

Asset Type

Retail

Closing

Oct 10, 2024

AI

The property involved in this transaction is a retail asset located at 211 McGuinness Boulevard in Brooklyn. It features a total square footage of 2,396 and operates under a Modified Gross Lease arrangement. The asking rent for this property was set at $50 per square foot.

Summary of transaction details:

The transaction saw representation from James Famularo and Jordan Langer of Meridian Capital Group for the landlord, while the tenant's interests were represented by Derek Ritter and Robb Day from SQ/FT Brokerage. The lease date was recorded as October 10, 2024.

Players

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

373 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

317260.00%

Cash-on-Cash

-90673.88%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93