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234 8th Ave Brooklyn, NY 11...

Omar Alagahaz Signs 10-Year Lease For Mixed-Use Space At 234 8th Avenue In Manhattan
LEASEDMixed-use

Omar Alagahaz Signs 10-Year Lease For Mixed-Use Space At 234 8th Avenue In Manhattan

234 8th Ave Brooklyn, NY 11215, USA

$165

$165/SF

Building Size

1,200 SF

Asset Type

Mixed-use

Closing

Jul 10, 2023

AI

The property involved in this lease transaction is a mixed-use asset located at 234 8th Avenue in Manhattan. The property is owned by the Zada Family and the tenant is Omar Alagahaz. The lease deal was facilitated by Matthew Yazdan, a representative from Centerstone Properties.

Summary of transation details

  • Property Type: Mixed-use
  • Transaction Amount: $165 per square foot for a total of 1,200 square feet
  • Lease Term: 10 years

The Zada Family serves as the landlord for this lease, while Omar Alagahaz is the tenant. Matthew Yazdan of Centerstone Properties represented both parties in this transaction. The lease term is set for 10 years, with an asking rent of $165 per square foot for a total of 1,200 square feet of space.

Players

Matthew Yazdan

Centerstone Properties

Broker

4 deals

Broker

Market 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

96139.39%

Cash-on-Cash

-27476.93%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93