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
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