Medix Medical Group LLC Leases Retail Space At 108 Beverley Road In Kensington, Brooklyn
108 Beverley Road, Brooklyn, NY, USA
Building Size
1,500 SF
Asset Type
Retail
Closing
Jul 22, 2020
About this deal
AI
The asset involved in the transaction is a retail property located at 108 Beverley Road in Kensington, Brooklyn. The property has an asking rent of $48 per square foot and encompasses an area of 1,500 square feet.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $72,000
- Tenant: Medix Medical Group LLC
- Landlord’s Counsel: David R. Lachtman - Lachtman Cohen P.C.
- Brokers: Daniel Barcelowsky & David Soria - Evergreen Realty & Investments
- Date: 07/22/2021
Key individuals involved in this transaction include David R. Lachtman, who represents the landlord, alongside brokers Daniel Barcelowsky and David Soria, who were instrumental in facilitating the lease agreement for the tenant, Medix Medical Group LLC.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93