Elegance Event Space LLC Leases 1800 Square Feet At 832 Flatbush Ave In Brooklyn
832 Flatbush Ave, Brooklyn, NY, 11226
$55
$55/SF
Building Size
1,800 SF
Asset Type
—
Closing
Nov 20, 2023
AI
The property involved in this transaction is located at 832 Flatbush Ave, Brooklyn, NY, 11226. It has a market value in Brooklyn, a rental price of $55 per square foot, and encompasses a total area of 1,800 square feet.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 832 Flatbush Ave, Brooklyn, NY, 11226
- Market: Brooklyn
- Landlord: 832 Flatbush LLC
- Tenant: Elegance Event Space LLC
- Landlord's Representative: Joseph (Joey) Bouzaglou, Tri State Commercial Realty
This lease transaction involves a collaboration between the landlord, 832 Flatbush LLC, and the tenant, Elegance Event Space LLC. The deal was facilitated by Joseph (Joey) Bouzaglou from Tri State Commercial Realty, who represented the landlord in this agreement.
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
288418.18%
Cash-on-Cash
-82430.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93