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
About this deal
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.
On the Map
$22
Mixed-use
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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
721045.45%
Cash-on-Cash
-206077.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93