SOLD
Lucky's Convenience Store & Smoke Shop Leases Retail Space In Flatbush For $30/ft In 2,000 SF
1938 Nostrand Ave.
Building Size
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Asset Type
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Closing
Sep 15, 2022
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.
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Sale 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