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1010 Quentin Road, Brooklyn...

Aquatics Inc. Swim School Leases Retail Space In Midwood, Brooklyn
LEASEDRetail

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

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

Josh Augenbaum

Augenbaum Realty

Broker

$652.8M

vol

140 deals

Broker

Joseph Althkefati

Landlord

$37.1M

vol

10 deals

Landlord

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