Newkirk Nuts Leases Mixed-Use Space In Brooklyn's Newkirk Plaza
34 Newkirk Plz
$60
$60/SF
Building Size
600 SF
Asset Type
Mixed-use
Closing
Jan 8, 2023
About this deal
AI
The mixed-use property located at 34 Newkirk Plz in Brooklyn has been leased. The property features a total square footage of 600 square feet. The landlord, Yitzy Fruchthandler and Ephraim Fruchthandler, have entered into a lease agreement with the tenant, Newkirk Nuts. The lease transaction was facilitated by brokers Josh Augenbaum and Murray Mizrachi from Augenbaum Realty. The asking rent for the property was $60 per square foot.
Summary of Transaction Details
- Property Type: Mixed-Use
- Transaction Amount: Leased
- Address: 34 Newkirk Plz, Brooklyn
- Market: Brooklyn
Josh Augenbaum and Murray Mizrachi from Augenbaum Realty played a key role as brokers in representing the parties involved in the lease deal. They successfully facilitated the transaction between the landlord, Yitzy Fruchthandler and Ephraim Fruchthandler, and the tenant, Newkirk Nuts.
Players
Brooklyn 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
264383.33%
Cash-on-Cash
-75561.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93