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83 Wilson Avenue

Alon Ashourzadeh Leases Bushwick Multifamily To Midwest Food Market Corp At 83 Wilson Ave
LEASEDMultiFamily

Alon Ashourzadeh Leases Bushwick Multifamily To Midwest Food Market Corp At 83 Wilson Ave

83 Wilson Avenue

$90

$90/SF

Building Size

1,000 SF

Asset Type

MultiFamily

Closing

Mar 1, 2024

AI

The property at 83 Wilson Ave, located in Bushwick, Brooklyn, was leased by Midwest Food Market Corp from landlord Alon Ashourzadeh. The lease involved a 10-year Modified Gross Lease agreement with an asking rent of $90 per square foot for a total space of 1,000 square feet.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Address: 83 Wilson Ave
  • Market: Bushwick, Brooklyn
  • Landlord: Alon Ashourzadeh
  • Tenant: Midwest Food Market Corp
  • Brokers: Max Lu & Jamie Pelletier - M2 CRE
  • Asking Rent: $90/ft
  • Lease Type: Modified Gross Lease
  • Lease Term: 10 Years

Max Lu and Jamie Pelletier from M2 CRE represented the landlord and tenant, respectively, in this lease transaction, facilitating the agreement between Alon Ashourzadeh and Midwest Food Market Corp. The deal signifies a long-term commitment between the parties involved.

Players

Max Lu

M2 CRE

Broker

8 deals

Broker

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

176255.56%

Cash-on-Cash

-50374.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93