Medrite Myrtle Leases 2500 Square Feet At 504 Myrtle Ave Brooklyn Represented By Daniel DePasquale
504 Myrtle Ave, Brooklyn, NY, 11205
Building Size
2,500 SF
Asset Type
—
Closing
Nov 19, 2023
About this deal
AI
The property involved in this transaction is located at 504 Myrtle Ave, Brooklyn, NY, 11205. It is a leased space with a total area of 2,500 square feet, situated in the Brooklyn market. The landlord for this property is OF 504.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 504 Myrtle Ave, Brooklyn, NY, 11205
- Market: Brooklyn
- Square Feet: 2500
- Landlord: OF 504
- Tenant: Medrite Myrtle
- Landlord's Representative: Daniel DePasquale-Katz & Associates Real Estate Advisors
The deal features the representation of the landlord by Daniel DePasquale-Katz & Associates Real Estate Advisors. Medrite Myrtle is the tenant leasing the space from the landlord OF 504, indicating a direct transaction between these parties.
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