Updated Oct 29, 2024
Tona Construction & Management Leases Multifamily Property To Le Paradis Daycare At 110 4th Avenue, Brooklyn
110 4th Ave Brooklyn, NY 11217, USA
$80
$80/SF
Building Size
5,000 SF
Asset Type
MultiFamily
Closing
Jun 6, 2023
About this deal
AI
Located at 110 4th Avenue in Brooklyn, this multifamily property has recently been leased. The property is owned by Tona Construction & Management and the tenant is Le Paradis Daycare. The deal was facilitated by Meyer Dagmy of MOD. The asking rent for this property was $80 per square foot, with a total square footage of 5,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount (Asking Rent): $80/ft
- Square Footage: 5,000
- Market: Brooklyn
Tona Construction & Management owns the property located at 110 4th Avenue in Brooklyn. They have leased it to Le Paradis Daycare. Meyer Dagmy of MOD represented the landlord in this transaction. This deal highlights the collaboration between Tona Construction & Management and Le Paradis Daycare, facilitated by the expertise of Meyer Dagmy from MOD.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
198287.50%
Cash-on-Cash
-56671.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93