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1299 Nostrand Ave, Brooklyn...

Walgreens Leases 1874 Square Feet At 1299 Nostrand Ave Brooklyn Represented By Jedd Nero And Christopher Tepper
LEASED

Walgreens Leases 1874 Square Feet At 1299 Nostrand Ave Brooklyn Represented By Jedd Nero And Christopher Tepper

1299 Nostrand Ave, Brooklyn, NY, 112...

Building Size

1,874 SF

Asset Type

Closing

Nov 19, 2023

AI

The property involved in this lease transaction is located at 1299 Nostrand Ave, Brooklyn, NY. The property encompasses a total area of 1,874 square feet and is situated within the Brooklyn market.

Summary of transaction details:

This lease transaction involved key representatives: the tenant, Walgreens, was represented by Jedd Nero-Lee & Associates, specifically Jeremy Schwartz, while the landlord, Hudson Companies, was represented by Christopher Tepper from Hudson Companies.

Players

Jeremy Schwartz

Broker

4 deals

Broker
Hudson Companies
Hudson CompaniesLandlord
Walgreens
WalgreensTenant

Brooklyn 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