Jared Smith Leases Mixed-Use Property On Pitkin Avenue, Brooklyn For $45/ft
1719 Pitkin Avenue
$45
$45/SF
Building Size
10,000 SF
Asset Type
Mixed-use
Closing
Jun 26, 2024
About this deal
AI
The mixed-use property located at 1719 Pitkin Avenue in Brownsville, Brooklyn, was leased on 06/26/2024. The property spans 10,000 square feet with an asking rent of $45 per square foot. The landlord is Shurk Ayala, and the tenant is Jared Smith. The lease type is NNN Lease.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: Not available
- Address: 1719 Pitkin Avenue
- Market: Brownsville, Brooklyn
- Landlord: Shurk Ayala
- Tenant: Jared Smith
- Broker: David Malul - Elite Homes NYC
- Asking Rent: $45/ft
- Lease Type: NNN Lease
David Malul from Elite Homes NYC facilitated the lease transaction, acting as the broker in this deal.
Players
Brooklyn Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Lease transactions
Loading comparables…
Deal FAQ
Visit David (Dave) Malul to view all their deals.
Browse Brooklyn mixed use leases on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
352511.11%
Cash-on-Cash
-100748.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93