House Of Lancry Leases Mixed-Use Space In Crown Heights, Brooklyn From Jair Guttierez
278 Albany Avenue, Crown Heights, Brooklyn, NY, USA
Building Size
500 SF
Asset Type
Mixed-use
Closing
Dec 16, 2018
About this deal
AI
A mixed-use property located at 278 Albany Ave in Crown Heights, Brooklyn has been leased. The lease was signed on 12/17/2018. The property spans 500 square feet and has a price per square foot of $48.
Summary of transaction details:
- Property Type: Mixed-use
- Tenant: House Of Lancry
- Landlord: Jair Guttierez
- Broker: Dov Bleich
- Address: 278 Albany Ave, Crown Heights, Brooklyn
- Market: Crown Heights, Brooklyn
The deal was facilitated by Dov Bleich, representing House Of Lancry as their broker.
New York 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93