A&H Acquisitions Leases 45000 Square Feet To Tenant Represented By Clifford Simon In Brooklyn
1007 Flatbush Ave, Brooklyn, NY, 11226
Building Size
45,000 SF
Asset Type
Retail
Closing
Sep 23, 2020
AI
The property leased is located at 1007 Flatbush Ave, Brooklyn, NY, 11226. This asset encompasses 45,000 square feet and is part of the Brooklyn market. The space was previously occupied by Staples and 24-Hour Fitness, situated within Flatbush Center.
Summary of transation details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant's Representative: Clifford Simon
- Tenant: Burlington Coat Factory
- Landlord: A&H Acquisitions
- Square Feet: 45,000
Clifford Simon, representing Burlington Coat Factory from CNS Real Estate, facilitated this transaction. A&H Acquisitions, led by Marcelo Klajnbart from ACHS Management, serves as the landlord for this leased space. Burlington Coat Factory intends to utilize this new location for year-end holiday sales.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93