Brooklyn Harvest Market Leases 781 Metropolitan Ave Multifamily Space In Brooklyn
781 Metropolitan Ave, Brooklyn, NY, 1...
Building Size
10,000 SF
Asset Type
MultiFamily
Closing
Oct 3, 2019
AI
The property at 781 Metropolitan Ave, Brooklyn, NY, boasts a total of 10,000 square feet and is classified as a MultiFamily asset. The lease for this property was finalized on 10/03/2019. The tenant, Brooklyn Harvest Market, signed the agreement with the landlord, Adam America Real Estate. Richard Kave from Lee & Associates acted as the tenant's representative in this transaction.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: Not provided
- Tenant: Brooklyn Harvest Market
- Landlord: Adam America Real Estate
- Tenant's Rep: Richard Kave (Lee & Associates)
- Address: 781 Metropolitan Ave, Brooklyn, NY
- Market: Brooklyn
- Square Feet: 10,000
The involvement of Richard Kave from Lee & Associates as the tenant's representative added a professional touch to the deal, ensuring smooth negotiations and agreement. This lease agreement signifies a successful partnership between Brooklyn Harvest Market and Adam America Real Estate, aligning business goals and property usage for mutual benefit.
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