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1041 Coney Island Ave Brook...

Delight Bazar Supermarket Leases Mixed-Use Space At 1041 Coney Island Avenue In New York City
LEASEDMixed-use

Delight Bazar Supermarket Leases Mixed-Use Space At 1041 Coney Island Avenue In New York City

1041 Coney Island Ave Brooklyn, NY 11230, USA

$70

$70/SF

Building Size

6,500 SF

Asset Type

Mixed-use

Closing

Jul 20, 2023

AI

The property involved in this lease transaction is a mixed-use asset located at 1041 Coney Island Avenue in New York City. The property is owned by the Israel Family and the tenant is Delight Bazar Supermarket. The landlord's representative in this deal is Meyer Dagmy from MOD, while the tenant is represented by Raj Whadwa from KK Capital. The lease was finalized on 07/20/2023.

Summary of Transaction Details

  • Property Type: Mixed-Use
  • Asking Rent: $70/ft ~ SF: 6,500
  • Address: 1041 Coney Island Avenue
  • Market: New York City

Raj Whadwa from KK Capital played a crucial role as the tenant's representative in securing the lease agreement. Meyer Dagmy, the landlord's representative from MOD, negotiated the terms on behalf of the Israel Family. The asking rent for the property was $70 per square foot, with a total area of 6,500 square feet. The location of the property on Coney Island Avenue in New York City adds to its desirability.

Players

Raj Whadwa

Global Realty Services

Broker

$129.4M

vol

22 deals

Broker
Meyer Dagmy
Verified Badge

Meyer Dagmy

MOD

Broker

$5.5M

vol

90 deals

Broker

Israel Family

Landlord

$5.2M

vol

3 deals

Landlord

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Lease transactions

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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