Feel Beauty & Super Fresh Market Leases Mixed-Use Space In Brooklyn
1584 Flatbush Avenue, Brooklyn, NY 11210
Building Size
16,500 SF
Asset Type
Mixed-use
Closing
Sep 8, 2020
About this deal
AI
Located at 1584 Flatbush Ave in Brooklyn, this closed transaction involves a mixed-use property. The tenant, Feel beauty & super fresh Market, has signed a lease agreement with landlords Eddie Mizrachi and Soly A. Bawabeh. The lease was facilitated by broker Josh Augenbaum.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Date: 09/09/2020
- Address: 1584 Flatbush Ave, Brooklyn
- Tenant: Feel beauty & super fresh Market
- Landlords: Eddie Mizrachi & Soly A. Bawabeh
- Tenant's Broker: Josh Augenbaum
- Asking Price: $60/ft.
- SF: 16,500
This successful lease transaction showcases the collaboration between tenant Feel beauty & super fresh Market and landlords Eddie Mizrachi and Soly A. Bawabeh. Ensuring a smooth negotiation process, broker Josh Augenbaum represented the tenant in securing the lease for this mixed-use property.
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