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
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