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100 Neptune Avenue

USPS Leases Retail Space In Brighton Beach, Brooklyn
LEASEDRetail

USPS Leases Retail Space In Brighton Beach, Brooklyn

100 Neptune Avenue

$40

$40/SF

Building Size

30,000 SF

Asset Type

Retail

Closing

Dec 1, 2023

AI

The retail property located at 100 Neptune Avenue in Brighton Beach, Brooklyn has been recently leased. The property spans 30,000 square feet and is owned by Arthur Vayner. The tenant for this lease is USPS. The deal was facilitated by brokers Denis Abayev, James Ferrigno, and Jeremy Liebler from JLL. The lease for the property is a double net lease, with an asking rent of $40 per square foot.

Summary of Transaction Details

  • Property Type: Retail
  • Address: 100 Neptune Avenue
  • Market: Brighton Beach, Brooklyn
  • Landlord: Arthur Vayner
  • Tenant: USPS
  • Brokers: Denis Abayev, James Ferrigno, and Jeremy Liebler - JLL
  • Asking Rent: $40/ft
  • Square Footage: 30,000
  • Lease Type: Double Net Lease

The brokers from JLL played a crucial role in facilitating the lease between Arthur Vayner, the landlord, and USPS, the tenant. Their expertise in the market and negotiation skills contributed to the successful conclusion of the deal.

Players

Denis Abayev

Commercial Acquisitions

Broker

$33.9M

vol

22 deals

Broker

Arthur Vayner

Landlord

$17.4M

vol

6 deals

Landlord

Brooklyn Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

396575.00%

Cash-on-Cash

-113342.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93