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384 Court Street

Mochimist Signs Retail Lease At 384 Court Street Carroll Gardens For $120 Per Ft
LEASEDRetail

Mochimist Signs Retail Lease At 384 Court Street Carroll Gardens For $120 Per Ft

384 Court Street

$120

$120/SF

Building Size

5,000 SF

Asset Type

Retail

Closing

Mar 1, 2026

AI

The retail property located at 384 Court Street in the Carroll Gardens market covers a total area of 5,000 square feet with an asking rent of $120 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $120/ft
  • Address: 384 Court Street
  • Market: Carroll Gardens
  • Landlord: Tarrin Wynter - Sterling Equities
  • Tenant: Mochimist
  • Landlord's Representative: Alex Beard & Jason Pennington - Ripco
  • Tenant's Representative: Malik Wells & Jordan Raphan - KSR
  • Lease Type: Retail Lease

This transaction involved key representatives in the commercial real estate sector, with Tarrin Wynter representing Sterling Equities as the landlord. The tenant, Mochimist, was represented by Malik Wells and Jordan Raphan from KSR, while the landlord’s interests were handled by Alex Beard and Jason Pennington from Ripco.

Players

Jordan Raphan

Kassin Sabbagh Realty

Broker

40 deals

Broker
SE
Sterling EquitiesLandlord

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

132191.67%

Cash-on-Cash

-37780.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93