Café Leases 1129 Square Feet At 626 Sheepshead Bay Rd Brooklyn With Neptune South Development
626 Sheepshead Bay Rd, Brooklyn, NY...
Building Size
1,129 SF
Asset Type
—
Closing
Nov 19, 2023
AI
The lease transaction involves a property located at 626 Sheepshead Bay Rd, Brooklyn, NY, situated in the Brooklyn market. The leased space encompasses 1,129 square feet. The landlord for this transaction is Neptune South Development.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 626 Sheepshead Bay Rd, Brooklyn, NY
- Market: Brooklyn
- Square Feet: 1,129
- Landlord's Representative: Danielle Winick-Winick Realty Group, Darrell Rubens-Newmark
- Tenant: Café
- Landlord: Neptune South Development
This transaction highlights key representatives involved; Danielle Winick from Winick Realty Group and Darrell Rubens from Newmark represent the landlord in this leasing agreement with the tenant being a café establishment. Their roles are crucial in facilitating the lease arrangement between Neptune South Development and the café.
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