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
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