Emporio Clothing Leases Retail Space At 1019 Flatbush Avenue With Broker Mayer Ghonoja And Barry Fishbach
1019 Flatbush Avenue
$66
$66/SF
Building Size
3,000 SF
Asset Type
Retail
Closing
Jan 17, 2025
AI
The property asset involved in this transaction is a retail space located at 1019 Flatbush Avenue in the Flatbush market. The asset type is Retail with a square footage of 3,000. The asking rent for this property is $66 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $66/ft
- Address: 1019 Flatbush Avenue
- Market: Flatbush
- Landlord: Maverick Management
- Tenant: Emporio Clothing
- Broker Representatives: Mayer Ghonoja & Barry Fishbach - KSR
- Lease Type: Retail Lease
The transaction involves key representatives including Mayer Ghonoja and Barry Fishbach from KSR, who served as the brokers in the deal. The retail lease marks a notable agreement between Maverick Management as the landlord and Emporio Clothing as the tenant.
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
240348.48%
Cash-on-Cash
-68692.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93