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108 Beverley Road, Brooklyn...

LEASEDRetail

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

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:

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.

Players

Daniel Barcelowsky

Evergreen Realty & Investments

Broker

$83.9M

vol

52 deals

Broker

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