Effective Homecare ESG Signs Modified Gross Lease For Mixed-Use Space In Sheepshead Bay, Brooklyn
2112 Avenue P
$40
$40/SF
Building Size
2,000 SF
Asset Type
Mixed-use
Closing
Jan 3, 2024
AI
The mixed-use property located at 2112 Avenue P in Sheepshead Bay, Brooklyn was recently leased. The landlord in this transaction is JIH Builders, while Effective Homecare ESG is the tenant. The deal was facilitated by Meyer Dagmy of MOD_CRE. The lease type for this property is a Modified Gross Lease.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: N/A
- Asking Rent: $40/ft
- Square Footage: 2,000
Meyer Dagmy, representing MOD, served as the broker in this deal. The transaction took place on January 3, 2024. No additional information is available.
Players
Brooklyn 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
396575.00%
Cash-on-Cash
-113342.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93