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:
- Property Type: LEASE
- Transaction Amount: Not disclosed
- Address: 657 Washington Ave, Brooklyn, NY
- Market: Brooklyn
- Tenant: Meme's Diner
- Landlord: Musleh Alomari
- Tenant's Representatives: Colby Swartz (Suzuki Capital), Dino Mouzakitis (Suzuki Capital)
- Square Feet: 1,800
- Rent/SF: $60
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
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