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99 Water Street

Dawn Nguyen Of L’Ensemble Signs Lease For Retail Space At 99 Water Street In Dumbo
LEASEDRetail

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

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.

Players

Jed Walentas

Two Trees Management

Landlord

$72.8M

vol

8 deals

Landlord

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93