Updated Dec 4, 2024
Brooklyn Beacon Signs Modified Gross Lease At 426 4th Avenue In Gowanus, Brooklyn
426 4th Avenue
$70
$70/SF
Building Size
1,000 SF
Asset Type
MultiFamily
Closing
Nov 15, 2023
About this deal
AI
The multifamily property located at 426 4th Avenue in Gowanus, Brooklyn has been leased. The property is owned by Zoriano Realty and the tenant is Brooklyn Beacon. The lease transaction was facilitated by Meyer Dagmy from MOD representing the landlord and Isaac Bijou from MOD representing the tenant. The lease type is a Modified Gross Lease.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: N/A
- Address: 426 4th Avenue
- Market: Gowanus, Brooklyn
- Landlord: Zoriano Realty
- Tenant: Brooklyn Beacon
- Landlord's Rep: Meyer Dagmy - MOD
- Tenant's Rep: Isaac Bijou - MOD
- Lease Type: Modified Gross Lease
There are no additional details available about the lease transaction at this time.
On the Map
$70
$70/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
226614.29%
Cash-on-Cash
-64767.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93