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215 Water Street

LEASEDRetail

Gowanus Golf Club Leases 6,000 Square Feet At 215 Water Street In Brooklyn For $100/ft

215 Water Street

$100

$100/SF

Building Size

6,000 SF

Asset Type

Retail

Closing

Jul 27, 2026

AI

The property asset involved in the transaction is a retail space located at 215 Water Street in Brooklyn's Dumbo neighborhood. The total square footage of the property is approximately 6,000 square feet, with an asking rent set at $100 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $100/ft
  • Address: 215 Water Street
  • Market: Brooklyn
  • Landlord: Jack Guttman - Pearl Realty Management
  • Tenant: Gowanus Golf Club
  • Broker: Corey Cohen - Compass

The deal involves Gowanus Golf Club, which is set to establish a new private indoor golf club at the leased location. The club will feature amenities such as simulator bays, a members lounge, putting area, fitness equipment, wellness rooms, and a repair shop, with plans to open in mid-September.

Players

Corey Cohen

Compass

Broker

5 deals

Broker
GC
Gowanus Golf ClubBuyer

Jack Guttman

Pearl Realty Management

Landlord

$659.9M

vol

18 deals

Landlord
GC
Gowanus Golf ClubTenant

Witter 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

158630.00%

Cash-on-Cash

-45336.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93