Puerto Rican Family Institute INC Leases Mixed-Use Space In Bushwick With Tri State Commercial Realty LLC's Rep
12 Park Street, Brooklyn, New York 11206, United States
Building Size
6,000 SF
Asset Type
Mixed-use
Closing
May 1, 2022
About this deal
AI
Located at 12 Park St. in Bushwick, this mixed-use property was recently leased. The transaction took place on 05/02/2022, with the tenant being the Puerto Rican Family Institute INC. The landlord, Shlomo Silberg, facilitated the deal through the representation of Tri State Commercial Realty LLC. The property spans 6,000 square feet and features a variety of uses. The asking rent for the space was $40 per square foot.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: Lease
- Address: 12 Park St.
- Market: Bushwick
Eddie Keda & Avi Akiva, represented by Tri State Commercial Realty LLC, brokered the lease. They played a crucial role in bringing together the landlord, Shlomo Silberg, and the tenant, Puerto Rican Family Institute INC. With their expertise and negotiation skills, they successfully facilitated the lease of this mixed-use property in Bushwick.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93