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
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