Josh Kalimi Leases Multifamily Space At 1233 Mcdonald Avenue To Alliance Capital Advisors
1233 Mcdonald Avenue
$35
$35/SF
Building Size
2,200 SF
Asset Type
MultiFamily
Closing
Jul 24, 2024
AI
The property asset involved in this transaction is a multifamily building located at 1233 Mcdonald Avenue in Brooklyn. The lease type is a modified gross lease, with an asking rent of $35 per square foot and a total square footage of 2,200.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $35/ft
- Address: 1233 Mcdonald Avenue
- Market: Brooklyn
- Landlord: Josh Kalimi
- Tenant: Alliance Capital Advisors
- Broker: Charles Haber - Swift Retail Advisors
The deal involves key individuals, including Josh Kalimi as the landlord and Alliance Capital Advisors as the tenant. Charles Haber represents Swift Retail Advisors in this transaction, facilitating the leasing process between the involved parties.
Brooklyn 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
453228.57%
Cash-on-Cash
-129534.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93