Atlantic Ramen Leases Mixed-use Space At 224 Atlantic Avenue Brooklyn With Isaac Bijou As The Broker
224 Atlantic Avenue
$120
$120/SF
Building Size
1,100 SF
Asset Type
Mixed-use
Closing
Mar 10, 2025
About this deal
AI
The property involved in this lease transaction is a mixed-use asset located at 224 Atlantic Avenue in Brooklyn. The total square footage of the space is 1,100, with an asking rent set at $120 per square foot. The lease type is identified as a Modified Gross Lease.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $132,000
- Address: 224 Atlantic Avenue
- Market: Brooklyn
- Landlord: A&E Real Estate
- Tenant: Atlantic Ramen
- Broker: Isaac Bijou - MOD (MOD_CRE)
This transaction involves the landlord A&E Real Estate leasing the property to tenant Atlantic Ramen. The broker representing the deal is Isaac Bijou from MOD, facilitating the agreement between the parties involved.
On the Map
$120
$120/SF
Mixed-use
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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
132191.67%
Cash-on-Cash
-37780.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93