facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Multifamily

/

Lease

/

1923 Surf Avenue

Updated Dec 4, 2024

NHS Brooklyn Signs Modified Gross Lease At 1923 Surf Avenue, Coney Island, Brooklyn
LEASEDMultiFamily

NHS Brooklyn Signs Modified Gross Lease At 1923 Surf Avenue, Coney Island, Brooklyn

1923 Surf Avenue

$40

$40/SF

Building Size

2,000 SF

Asset Type

MultiFamily

Closing

Dec 5, 2023

About this deal

AI

The multifamily property located at 1923 Surf Avenue in Coney Island, Brooklyn has been leased. The landlord, LM Development, has entered into a lease agreement with the tenant, NHS Brooklyn. The lease was facilitated by Joseph Cohen of Tri State Commercial Realty, representing the landlord, and Meyer Dagmy of MOD, representing the tenant. The lease is a Modified Gross Lease with an asking rent of $40 per square foot for a total of 2,000 square feet.

Summary of transaction details:

  • Property Type: Multifamily
  • Address: 1923 Surf Avenue, Coney Island, Brooklyn
  • Market: Coney Island, Brooklyn
  • Landlord: LM Development
  • Tenant: NHS Brooklyn
  • Landlord's Rep: Joseph Cohen - Tri State Commercial Realty
  • Tenant's Rep: Meyer Dagmy - MOD
  • Asking Rent: $40/ft
  • Lease Type: Modified Gross Lease

In this lease transaction, Joseph Cohen of Tri State Commercial Realty represented LM Development, the landlord. Meyer Dagmy of MOD represented the tenant, NHS Brooklyn. The lease agreement was a Modified Gross Lease with an asking rent of $40 per square foot for a total space of 2,000 square feet.

Players

Meyer Dagmy
Verified Badge

Meyer Dagmy

MOD

Broker

$5.5M

vol

95 deals

Broker

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Lease transactions

Loading comparables…

Deal FAQ

About $40 per square foot on a published $40 for 2,000 square feet (2023).

Visit Meyer Dagmy to view all their deals.

Browse Brooklyn multifamily leases on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

396575.00%

Cash-on-Cash

-113342.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets