All My Children Daycare & Nursery School Leases Office Space At 800 Empire Boulevard In Crown Heights With Brokers Fredy Halabi & Avi Akiva
800 Empire Boulevard, Crown Heights, Brooklyn, NY, USA
Building Size
6,500 SF
Asset Type
Office
Closing
Jun 13, 2021
About this deal
AI
The leased property is located at 800 Empire Boulevard in the Crown Heights market. It is an office space with a total area of 6,500 square feet.
Summary of transaction details
- Property Type: Office
- Transaction Date: 06/14/2021
- Address: 800 Empire Boulevard
- Market: Crown Heights
The tenant of the property is All My Children Daycare & Nursery School, while the landlord is Michoel Sorotzkin. The leasing deal was facilitated by Fredy Halabi and Avi Akiva from TriState Commercial Realty.
The asking rent for the office space is $35 per square foot.
Players
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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