Dawn Nguyen Of L’Ensemble Signs Lease For Retail Space At 99 Water Street In Dumbo
99 Water Street
Building Size
1,121 SF
Asset Type
Retail
Closing
Apr 23, 2025
About this deal
AI
A retail asset consisting of a 1,121-square-foot space located at 99 Water Street in Brooklyn’s Dumbo neighborhood has been leased. The venue is now occupied by L’Ensemble, a luxury boutique, after a successful holiday pop-up in the vicinity.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 99 Water Street
- Market: Dumbo, Brooklyn
- Landlord: Jed Walentas - Two Trees Management
- Tenant: Dawn Nguyen - L’Ensemble
This transaction involved Jed Walentas representing the landlord, Two Trees Management, and Dawn Nguyen representing the tenant, L’Ensemble. The lease follows L’Ensemble's success in a previous temporary retail setup nearby.
On the Map
Retail
View full map
Players
Brooklyn Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Browse Brooklyn retail leases on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93