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2112 Avenue P

Updated Dec 4, 2024

Effective Homecare ESG Signs Modified Gross Lease For Mixed-Use Space In Sheepshead Bay, Brooklyn
LEASEDMixed-use

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

About this deal

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.

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$40

$40/SF

Mixed-use

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Players

Meyer Dagmy
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Meyer Dagmy

MOD

Broker

$5.5M

vol

98 deals

Broker
JB
JIH BuildersLandlord
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Brooklyn Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Lease transactions

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Deal FAQ

About $40 per square foot on a published $40 for 2,000 square feet (2024).

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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

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