Aquatics Inc. Swim School Leases Retail Space In Midwood, Brooklyn
1010 Quentin Road, Brooklyn, NY, USA
Building Size
5,000 SF
Asset Type
Retail
Closing
Nov 1, 2021
About this deal
AI
Located in Midwood, the retail property located at 1010 Quentin Road has been leased. The property, measuring approximately 5,000 square feet, is situated at 943 Kings Highway. The lease transaction was completed on November 1, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Date: November 1, 2021
- Address: 1010 Quentin Road (943 Kings Highway)
- Market: Midwood
- Asking Rent: $30/ft
The landlord for this leased property is Joseph Althkefati. The tenant, Aquatics Inc. Swim School, has secured the lease. The deal was facilitated by two brokers: Josh Augenbaum from Augenbaum Realty Corp. and Nick Zweig from Location Commercial Real Estate.
Players
New York 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