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657 Washington Ave, Brookly...

Meme's Diner Leases 1800 SF At 657 Washington Ave Brooklyn With Landlord Musleh Alomari
LEASEDCommercial

Meme's Diner Leases 1800 SF At 657 Washington Ave Brooklyn With Landlord Musleh Alomari

657 Washington Ave, Brooklyn, NY, 11...

$60

$60/SF

Building Size

1,800 SF

Asset Type

Commercial

Closing

Sep 9, 2016

AI

The property involved in this lease transaction is located at 657 Washington Ave, Brooklyn, NY. The total area of the property is 1,800 square feet, and the rent is set at $60 per square foot. The market for this transaction is Brooklyn.

Summary of transaction details:

This lease transaction represents the collaboration between the tenant, Meme's Diner, and the landlord, Musleh Alomari. The tenant was represented by Colby Swartz and Dino Mouzakitis from Suzuki Capital, highlighting the role of the brokerage firm in facilitating the deal.

Players

Thomas Williams

CBRE

Broker

$12M

vol

5 deals

Broker

Brooklyn Commercial Market Snapshot

Boundary boundary · Commercial · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

264383.33%

Cash-on-Cash

-75561.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93