Swivel Gallery Leases Mixed-Use Space In Bed-Stuy, Brooklyn From Landlord MBH - Morris Betesh
329 Nostrand Ave, Brooklyn, NY 11216, USA
Building Size
1,000 SF
Asset Type
Mixed-use
Closing
Sep 20, 2020
AI
This mixed-use property located at 329 Nostrand Ave in Bed-stuy, Brooklyn recently completed a lease transaction. The transaction was finalized on 09/21/2020. Swivel Gallery is the new tenant of the property, which offers approximately 1,000 square feet of space. The asking rent for the lease was $50 per square foot. The landlord of the property is MBH - Morris Betesh. The deal was facilitated by David Dubinsky of EXR, who represented the landlord as the broker. For more information about this lease, interested parties can contact David Dubinsky directly at (718) 308-7111 or [email protected].
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: Lease
- Date: 09/21/2020
- Address: 329 Nostrand Ave
- Market: Bed-stuy, Brooklyn
- Asking Rent: $50/ft.
- Square Feet: 1,000
- Tenant: Swivel Gallery
- Landlord: MBH - Morris Betesh
- Broker: David Dubinsky - EXR
David Dubinsky of EXR played a crucial role in finalizing the lease transaction for this mixed-use property. As the representative of MBH - Morris Betesh, he successfully negotiated the terms with Swivel Gallery to secure them as the new tenant. With his expertise in commercial real estate, David Dubinsky ensured that the deal benefited both the landlord and the tenant. For any further inquiries or details regarding this lease, interested parties are encouraged to reach out to David Dubinsky directly.
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