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112 Atlantic Avenue, Brookl...

Chalk PreSchool Leases Retail Condo In Cobble Hill For $600,000 With CPEX Real Estate As Brokers
LEASED

Chalk PreSchool Leases Retail Condo In Cobble Hill For $600,000 With CPEX Real Estate As Brokers

112 Atlantic Avenue, Brooklyn, NY, USA

Building Size

6,000 SF

Asset Type

Closing

Jan 16, 2019

AI

A retail condo located at 112 Atlantic Avenue in Cobble Hill has recently been leased. The property, spanning 6,000 square feet, was leased to @ChalkPreSchool. The lease was facilitated by brokers Ryan Condren and George Danut from CPEX Real Estate. The retail condo is owned by Avery Hall Investments and OTL Enterprises. The lease transaction took place on January 17, 2019. The price per square foot for the lease was $100.

Summary of transaction details

  • Property Type: Retail Condo
  • Transaction Amount: N/A
  • Address: 112 Atlantic Avenue
  • Market: Cobble Hill
  • Tenant: @ChalkPreSchool
  • Landlord: Avery Hall Investments & OTL Enterprises
  • Square Footage: 6,000 SF
  • Price Per Square Foot: $100

The lease transaction for the retail condo at 112 Atlantic Avenue was facilitated by Ryan Condren and George Danut from CPEX Real Estate.

Players

George Danut

JLL

Broker

4 deals

Broker
AI
Avery Hall InvestmentsLandlord

New York CRE Market Snapshot

Boundary boundary · CRE · 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