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
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