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
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