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:
- Property Type: Warehouse
- Transaction Amount: $187,500
- Landlord: Igor Cherkassky
- Tenant: Ruvtech Inc
- Broker: Arsen Atbashyan - Commercial Acquisitions
- Lease Type: Modified Gross Lease
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.
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