Emporio Clothing Leases Retail Space At 1019 Flatbush Avenue With Broker Mayer Ghonoja And Barry Fishbach
1019 Flatbush Avenue
Building Size
3,000 SF
Asset Type
Retail
Closing
Jan 17, 2025
About this deal
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.
On the Map
Retail
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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