Natural Blend Signs Lease At 302 Nostrand Ave In Bedford-Stuyvesant
302 Nostrand Ave, Brooklyn, NY 11216, USA
Building Size
12,000 SF
Asset Type
Mixed-use
Closing
Sep 24, 2018
About this deal
AI
The mixed-use property located at 302 Nostrand Ave in Bedford-Stuyvesant recently changed ownership in a closed transaction. The property features a total square footage of 1,200 square feet and was sold at an asking price of $5,000 per square foot. The transaction involved the tenant, Natural Blend, and the landlord, Eran Tourgeman.
Summary of transaction details
- Property Type: Mixed Use
- Transaction Amount: $5,000
- Price Per Square Foot: $50
- Total Square Footage: 1,200
- Address: 302 Nostrand Ave
- Market: Bedford-Stuyvesant
Chandler Slate and Avi Akiva served as the brokers for this transaction, representing the parties involved. Their expertise and negotiation skills were crucial in finalizing the deal.
Players
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