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3905 2nd Ave, Brooklyn, Ny ...

EMD Distribution Signs Lease For Mixed-Use Property In Sunset Park
LEASEDMixed-use

EMD Distribution Signs Lease For Mixed-Use Property In Sunset Park

3905 2nd Ave, Brooklyn, Ny 11232

$22

Building Size

Asset Type

Mixed-use

Closing

Feb 27, 2023

AI

A mixed-use property located at 3905 2nd Avenue in Sunset Park has been leased. The property spans 12,000 square feet and was leased by EMD Distribution. The landlord, Eliot Brodly, reached an agreement with the tenant. The brokers involved in the deal were Isaac Abed and Fredy Halabi from Tri State Commercial Realty. The asking rent for the property was $22 per square foot.

Summary of transaction details:

  • Property Type: Mixed-Use
  • Transaction Amount: Not disclosed

Isaac Abed and Fredy Halabi from Tri State Commercial Realty represented the tenant, EMD Distribution, in the lease deal for the mixed-use property at 3905 2nd Avenue in Sunset Park.

Players

Fredy Halabi

Tri State Commercial Realty

Broker

$8.3M

vol

14 deals

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

721045.45%

Cash-on-Cash

-206077.00%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93