Shop Fair Supermarket Leases Retail Space In Brooklyn At 1101-1123 Myrtle Ave
1101 Myrtle Avenue, Brooklyn, NY 11206
Building Size
30,000 SF
Asset Type
Retail
Closing
Jun 9, 2020
About this deal
AI
Shop Fair Supermarket has signed a lease for a retail space located at 1101-1123 Myrtle Ave in Brooklyn. The property is owned by SYU Properties. The deal was facilitated by broker Ilan Elishayev.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: N/A
- Asking Rent: $50/ft
- Square Footage: 30,000
The lease agreement between Shop Fair Supermarket and the landlord, SYU Properties, was finalized on 06/09/2021. The retail space is located at 1101-1123 Myrtle Ave in Brooklyn. Ilan Elishayev, representing Shop Fair Supermarket, played a crucial role in securing the deal.
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Retail
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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