Updated Dec 4, 2024
Yossi Eliav Leases Multifamily Property To 3 Kings Distribution In Clinton Hill, Brooklyn
541 Myrtle Avenue
$120
$120/SF
Building Size
1,000 SF
Asset Type
MultiFamily
Closing
Oct 20, 2023
About this deal
AI
A multifamily property located at 541 Myrtle Avenue in Clinton Hill, Brooklyn has recently been leased. The asset, owned by Yossi Eliav, was leased to 3 Kings Distribution. The deal was facilitated by Meyer Dagmy of MOD. The lease type is a modified gross lease.
Summary of Transaction Details
- Property Type: Multifamily
- Address: 541 Myrtle Avenue
- Market: Clinton Hill, Brooklyn
- Landlord: Yossi Eliav
- Tenant: 3 Kings Distribution
- Broker: Meyer Dagmy - MOD
- Lease Type: Modified Gross Lease
- Asking Rent: $120/ft
- Square Footage: 1,000 sq ft
Meyer Dagmy, the broker from MOD, played a crucial role in facilitating the lease of the multifamily property at 541 Myrtle Avenue in Clinton Hill, Brooklyn. The deal was successfully completed with 3 Kings Distribution as the tenant, under the guidance of Yossi Eliav, the property's landlord. The lease type agreed upon was a modified gross lease, with an asking rent of $120 per square foot for a total space of 1,000 square feet.
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
132191.67%
Cash-on-Cash
-37780.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93