Total Wireless Leases Mixed-Use Space At 582 Livonia Avenue Brooklyn For $40 Per Foot
582 Livonia Avenue
$40
$40/SF
Building Size
1,000 SF
Asset Type
Mixed-use
Closing
Jun 1, 2025
AI
The property involved in this transaction is a mixed-use asset located at 582 Livonia Avenue in Brooklyn. The asking rent for the leased space is $40 per square foot, covering a total area of 1,000 square feet. The lease is structured as a double net lease with a term of 5 years.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $40/ft
- Lease Term: 5 years
- Lease Type: Double Net Lease
- Tenant: Total Wireless
- Landlord's Representative: Alana McIntosh - Keller Williams Realty Empire
This transaction showcases the involvement of Alana McIntosh, who represents the landlord in this lease agreement. The tenant, Total Wireless, will occupy the property under the specified lease terms.
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
396575.00%
Cash-on-Cash
-113342.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93