Friendly Floor Covering Inc Leases 2000 SF At 1797 Flatbush Ave Brooklyn For $15/SF
1797 Flatbush Ave, Brooklyn, NY, 11210
$15
$15/SF
Building Size
2,000 SF
Asset Type
—
Closing
Nov 20, 2023
AI
The property involved in this transaction is located at 1797 Flatbush Ave, Brooklyn, NY, 11210. It is a leased space with a total square footage of 2000. The rental price per square foot is set at 15, reflecting the current market in Brooklyn.
Summary of transation details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 1797 Flatbush Ave, Brooklyn, NY, 11210
- Market: Brooklyn
- Tenant: Friendly Floor Covering Inc
- Landlord: 1797 Flatbush Ave LLC
- Tenant's Representative: Joseph (Joey) Bouzaglou, Tri State Commercial Realty
The transaction involves Friendly Floor Covering Inc as the tenant, with representation by Joseph (Joey) Bouzaglou from Tri State Commercial Realty. The landlord, 1797 Flatbush Ave LLC, is engaged in this lease agreement, marking a significant collaboration in the local real estate market.
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
1057533.33%
Cash-on-Cash
-302246.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93