Neptune South Development Leases Retail Space To Card Shop At 626 Sheepshead Bay Rd Brooklyn
626 Sheepshead Bay Rd, Brooklyn, NY...
Building Size
1,367 SF
Asset Type
—
Closing
Nov 20, 2023
AI
The property located at 626 Sheepshead Bay Rd, Brooklyn, NY encompasses a total of 1,367 square feet. This asset is situated in the Brooklyn market and is governed by Neptune South Development as the landlord.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 626 Sheepshead Bay Rd, Brooklyn, NY
- Market: Brooklyn
- Landlord: Neptune South Development
- Tenant: Card Shop
- Landlord's Representative: Lee Block (Winick Realty Group)
- Square Feet: 1367
The lease agreement involves Card Shop as the tenant, engaging with Neptune South Development as the landlord. Lee Block from Winick Realty Group represents the landlord in this transaction.
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