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199 8th Avenue, Brooklyn, N...

Beyond Sushi NYC Signs Lease At 199 Eighth Avenue In Chelsea With Landlord Daniel Group
LEASEDMixed-use

Beyond Sushi NYC Signs Lease At 199 Eighth Avenue In Chelsea With Landlord Daniel Group

199 8th Avenue, Brooklyn, NY 11215

Building Size

1,300 SF

Asset Type

Mixed-use

Closing

Nov 12, 2020

AI

A mixed-use property located at 199 Eighth Avenue in Chelsea has been leased. The transaction was finalized on 11/13/2020. The property, spanning approximately 1,300 square feet, was leased by @BeyondSushiNYC. The landlord for this lease is Daniel Group.

Summary of transaction details:

  • Property Type: Mixed-use
  • Asking Rent: $65 per square foot

The lease deal was facilitated by the brokers Yaron Cohen, Zacharia Setton, and Ariel Baradarian from Kassin Sabbagh Realty, as well as Michael Gammal from Leviathan Leasing.

Players

Michael Gammal

Swift Real Estate Advisors

Broker

$1.6M

vol

17 deals

Broker
DG
Daniel GroupLandlord

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