Updated Oct 29, 2024
Selam LLC Leases 2500 SF At 1049 Manhattan Ave Brooklyn With Rep Frederick Betesh
1049 Manhattan Ave, Brooklyn, NY, 1...
$37
$37/SF
Building Size
2,500 SF
Asset Type
MultiFamily
Closing
Nov 20, 2023
About this deal
AI
The property asset involved in this transaction is a lease located at 1049 Manhattan Ave, Brooklyn, NY. It features a rentable area of 2,500 square feet and is situated in the Brooklyn market. The rent per square foot is set at $37.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 1049 Manhattan Ave, Brooklyn, NY
- Market: Brooklyn
- Tenant: Selam LLC
- Landlord: Metropolitan Avenue Associates
- Tenant's Representative: Frederick Betesh - Tri State Commercial Realty
- Square Feet: 2,500
- Rent/SF: $37
This transaction involved significant individuals and entities such as Selam LLC as the tenant and Metropolitan Avenue Associates serving as the landlord. The lease was facilitated by Frederick Betesh, who represented the tenant through Tri State Commercial Realty, playing a crucial role in the negotiation process.
On the Map
$37
$37/SF
MultiFamily
View full map
Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Lease transactions
Loading comparables…
Deal FAQ
Visit Frederick Betesh to view all their deals.
Browse New York multifamily leases on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
428729.73%
Cash-on-Cash
-122532.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93