Esti Broyde Of Roey Realty LLC Secures 2-Year Mixed-Use Lease In Kensington, Brooklyn
$36
$36/SF
Building Size
1,700 SF
Asset Type
Mixed-use
Closing
Jun 14, 2024
About this deal
AI
The mixed-use property located in Kensington, Brooklyn, was leased for an asking rent of $36 per square foot. The lease term spans 2 years with an option to extend, covering a space of 1,700 square feet.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: Not Applicable
- Market: Kensington, Brooklyn
- BROKER: Esti Broyde - Roey Realty LLC
- ASKING RENT: $36/ft ~ SF: 1,700
- LEASE TERM: 2 years with option to extend
Esti Broyde from Roey Realty LLC represented the deal as the broker, facilitating the lease transaction for the mixed-use property in Kensington, Brooklyn.
Players
Market 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
440638.89%
Cash-on-Cash
-125935.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93