Dollar Tree Leases 9995 Square Feet At 12442 Flatlands Ave Brooklyn From Hudson Companies
12442 Flatlands Ave, Brooklyn, NY, 11...
Building Size
9,995 SF
Asset Type
MultiFamily
Closing
Apr 17, 2017
AI
The property involved in this lease transaction is located at 12442 Flatlands Ave, Brooklyn, NY. It encompasses a total area of 9,995 square feet and is situated within the Brooklyn market. The landlord for this transaction is Hudson Companies, with Dollar Tree as the tenant.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 12442 Flatlands Ave, Brooklyn, NY
- Square Feet: 9,995
- Tenant: Dollar Tree
- Landlord: Hudson Companies
- Tenant's Representative: Esther Bukai (Ripco)
- Landlord's Representatives: Chris Walther (Ripco), David Goldschmidt (Ripco Real Estate), Christopher Walther (Ripco Real Estate)
This transaction involves multiple representatives, with Esther Bukai acting on behalf of the tenant, Dollar Tree. The landlord's interests were represented by Chris Walther, David Goldschmidt, and Christopher Walther, all associated with Ripco and Ripco Real Estate, respectively. The collaboration between these professionals facilitated the execution of this lease agreement.
Players
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93