Saul Katz Leases Retail Space To WB Champions Martial Arts At 303 Wythe Avenue Brooklyn
303 Wythe Avenue
$95
$95/SF
Building Size
1,263 SF
Asset Type
Retail
Closing
Feb 28, 2025
About this deal
AI
The property asset involved in the transaction is located at 303 Wythe Avenue in Brooklyn, with a total square footage of 1,263. The asking rent for the retail space is set at $120 per square foot. The lease type for this property is a Single Net Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $120/ft
- Square Footage: 1,263
- Address: 303 Wythe Avenue
- Market: Brooklyn
- Landlord: Saul Katz
- Tenant: WB Champions Martial Arts
- Brokers: Garrett Kelly & Max Freudenberger - Meridian Capital Group
The deal involves landlord Saul Katz leasing the property to tenant WB Champions Martial Arts, with the brokerage services provided by Garrett Kelly and Max Freudenberger from Meridian Capital Group, who represented the respective parties in this transaction.
On the Map
$95
$95/SF
Retail
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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
166978.95%
Cash-on-Cash
-47723.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93