Boost Mobile/Sprint Leases Space In Crown Heights/Brooklyn Mixed Use Property
856 Nostrand Ave, Brooklyn, NY 11225, USA
Building Size
490 SF
Asset Type
Mixed-use
Closing
Sep 19, 2018
About this deal
AI
The mixed-use property located at 856 Nostrand Ave in Crown Heights, Brooklyn has been involved in a closed property transaction. The property, which spans 490 square feet, was sold at a price of $52 per square foot. The transaction took place on September 20, 2018, with the buyer represented by broker Jason Horowitz.
Summary of transaction details
- Property Type: Mixed Use
- Transaction Amount: $25,480
- Tenant: Boost Mobile/Sprint
- Landlord: 856 Nostrand HDFC
- Broker: Jason Horowitz - AGENCY
Boost Mobile/Sprint is the tenant of the property space at 856 Nostrand Ave. The landlord of the property is 856 Nostrand HDFC. Broker Jason Horowitz represented the buyer in this transaction.
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