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781 Metropolitan Ave, Brook...

Brooklyn Harvest Market Leases 781 Metropolitan Ave Multifamily Space In Brooklyn
LEASEDMultiFamily

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

Richard Kave

Lee & Associates

Broker

2 deals

Broker

Adam America

Northlink Capital

Landlord

$289.6M

vol

12 deals

Landlord
RW Real Estate
RW Real EstateLandlord

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