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910 Union Street, Brooklyn,...

American Development Group Leases Mixed-Use Space At 910 Union Street To Brooklyn Prep Academy Daycare
Mixed-use

American Development Group Leases Mixed-Use Space At 910 Union Street To Brooklyn Prep Academy Daycare

910 Union Street, Brooklyn, New York 11215, United States

Building Size

6 SF

Asset Type

Mixed-use

Closing

Apr 17, 2023

AI

The property asset involved in this transaction is a mixed-use space located at 910 Union Street in Park Slope, Brooklyn. The asset features a size of 6,000 square feet and was leased at a rate of $50 per square foot.

Summary of transaction details:

  • Property Type: Mixed-Use
  • Transaction Amount: $300,000
  • Landlord: American Development Group
  • Tenant: Brooklyn Prep Academy Daycare
  • Broker: Meyer Dagmy - MOD
  • Date of Lease: 01/25/2023

This transaction involved key individuals and organizations including American Development Group as the landlord and Brooklyn Prep Academy Daycare as the tenant, represented by broker Meyer Dagmy from MOD. The lease reflects a strategic fit for both the property owner and the tenant involved in the deal.

Players

AG
American Development GroupLandlord

Market Mixed-use Market Snapshot

Boundary boundary · Mixed-use · All transaction types 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