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
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