Lucky's Convenience Store & Smoke Shop Leases Retail Space In Flatbush For $30/ft In 2,000 SF
1938 Nostrand Ave.
Building Size
—
Asset Type
—
Closing
Sep 15, 2022
About this deal
AI
A lease transaction has taken place at 1938 Nostrand Ave. in the Flatbush market. The property is a retail space comprising 2,000 square feet.
Summary of transaction details
- Property Type: Retail
- Asking Rent: $30/ft.
- Square Footage: 2,000
The landlord in this transaction is Eddie Mizrachi & Soly A. Bawabeh. The tenant is Lucky's Convenience Store & Smoke Shop. Representing the deal was broker Josh Augenbaum from Augenbaum Realty Corp.
Traded’s record for 1938 Nostrand Ave. in Brooklyn, New York covers a commercial sale from 2022. Named participants on the 1938 Nostrand Ave. sale are Eddie Mizrachi, Soly A. Bawabeh. This page is the Brooklyn, New York file for the 1938 Nostrand Ave. commercial sold: pricing, party profiles, and other closed commercial comps from the same Brooklyn sit in the Market section below. Filter that Brooklyn commercial set by closing date to see what else sold near 1938 Nostrand Ave. around 2022. Cite this Lucky's Convenience Store & Smoke Shop Leases Retail Space In Flatbush For $30/ft In 2,000 SF sale when underwriting similar commercial product around Brooklyn, New York.
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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