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
Brooklyn Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
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