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
About this deal
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:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 1299 Nostrand Ave, Brooklyn, NY, 112...
- Market: Brooklyn
- Square Feet: 1,874
- Tenant: Walgreens
- Landlord: Hudson Companies
- Tenant's Representative: Jedd Nero-Lee & Associates, Jeremy Schwartz
- Landlord's Representative: Christopher Tepper-Hudson Companies
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.
On the Map
Players
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