facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Retail

/

Lease

/

1019 Flatbush Avenue

Emporio Clothing Leases Retail Space At 1019 Flatbush Avenue With Broker Mayer Ghonoja And Barry Fishbach
LEASEDRetail

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

Mayer Ghonoja

Kassin Sabbagh Realty

Broker

3 deals

Broker

Brooklyn Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

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