Bad Therapy Coffee And Bar Leases Mixed-Use Property On Cortelyou Road In New York City
1008 Cortelyou Rd Brooklyn, NY 11218, USA
$70
$70/SF
Building Size
1,600 SF
Asset Type
Mixed-use
Closing
Jul 3, 2023
About this deal
AI
The mixed-use property located at 1008 Cortelyou Road in New York City has been leased. The property, measuring 1,600 square feet, was leased by Bad Therapy Coffee And Bar. The lease transaction was facilitated by Meyer Dagmy of MOD. The Vendikos Family acted as the landlord in this deal.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: Not specified
- Asking Rent: $70 per square foot
- Square Footage: 1,600
- Date: 07/03/2023
- Address: 1008 Cortelyou Road
- Market: New York City
- Landlord: Vendikos Family
- Tenant: Bad Therapy Coffee And Bar
- Broker: Meyer Dagmy - MOD
The lease deal was executed without further details regarding the transaction amount. However, it showcases the successful partnership between the Vendikos Family as the landlord and Bad Therapy Coffee And Bar as the new tenant. The broker, Meyer Dagmy of MOD, played a crucial role in facilitating this lease agreement.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Lease transactions
Loading comparables…
Deal FAQ
Visit Meyer Dagmy to view all their deals.
Browse New York mixed use leases on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
226614.29%
Cash-on-Cash
-64767.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93