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2670 Stillwell Avenue

Igor Cherkassky Leases Warehouse To Ruvtech Inc At 2670 Stillwell Avenue In Brooklyn
LEASEDIndustrial

Igor Cherkassky Leases Warehouse To Ruvtech Inc At 2670 Stillwell Avenue In Brooklyn

2670 Stillwell Avenue

$25

$25/SF

Building Size

7,500 SF

Asset Type

Industrial

Closing

Mar 11, 2025

AI

The transaction involves a warehouse located at 2670 Stillwell Avenue, Brooklyn. The asset has a square footage of 7,500 and is leased under a Modified Gross Lease agreement with an asking rent of $25 per square foot.

Summary of transaction details:

The broker representing the transaction is Arsen Atbashyan from Commercial Acquisitions, who facilitated the leasing arrangement between Igor Cherkassky, the landlord, and Ruvtech Inc, the tenant.

Players

Arsen Atbashyan

Commercial Acquisitions

Broker

$127M

vol

53 deals

Broker

Brooklyn Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

634520.00%

Cash-on-Cash

-181347.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93