Snipes Leases 6,000 SF Space At 1117 Eastern Parkway In Crown Heights
1117 Eastern Pkwy, Brooklyn, NY 11213, USA
Building Size
6,000 SF
Asset Type
Other
Closing
Jun 24, 2020
About this deal
AI
The property located at 1117 Eastern Parkway in Crown Heights has been leased to Snipes. The landlord of the property is Eddie Mizrachi & Soly A. Bawabeh, while the tenant is represented by Evan Clement. The landlord's representative in the deal is Josh Augenbaum.
Summary of transation details
- Property Type: Lease
- Transaction Amount: Not specified
- Asking Rent: $85
- Square Footage: 6,000 SF
- Market: Crown Heights
The leased property at 1117 Eastern Parkway was brokered by Josh Augenbaum on behalf of the landlord. Evan Clement acted as the tenant's representative in the deal.
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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