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12442 Flatlands Ave, Brookl...

Dollar Tree Leases 9995 Square Feet At 12442 Flatlands Ave Brooklyn From Hudson Companies
LEASEDMultiFamily

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

Esther Bukai

Ripco

Broker

$11.9M

vol

7 deals

Broker
Hudson Companies
Hudson CompaniesLandlord
Dollar Tree
Dollar TreeTenant

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