facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Retail

/

Lease

/

111 4th Ave Brooklyn, NY 11...

Apple Bank Leases Retail Space At 111 4th Avenue In New York City With Tenant's Rep Jenna Heidenberg & David Firestein - SCG Retail And Landlord's Rep Ben Biberaj & Elliot Wygoda - Meridian Capital Group At $130/ft
LEASEDRetail

Apple Bank Leases Retail Space At 111 4th Avenue In New York City With Tenant's Rep Jenna Heidenberg & David Firestein - SCG Retail And Landlord's Rep Ben Biberaj & Elliot Wygoda - Meridian Capital Group At $130/ft

111 4th Ave Brooklyn, NY 11217, USA

$130

$130/SF

Building Size

3,500 SF

Asset Type

Retail

Closing

May 10, 2023

AI

The retail property located at 111 4th Avenue in New York City has recently been leased. The tenant for this property is Apple Bank. Representing Apple Bank in this transaction are Jenna Heidenberg and David Firestein from SCG Retail. On the other side, representing the landlord, are Ben Biberaj and Elliot Wygoda from Meridian Capital Group.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: N/A

The leasing deal for the retail property at 111 4th Avenue involves Apple Bank as the tenant. The tenant's representatives from SCG Retail, Jenna Heidenberg and David Firestein, worked alongside the landlord's representatives from Meridian Capital Group, Ben Biberaj and Elliot Wygoda, to facilitate this transaction. The specific terms of the lease, such as the square footage and the rent amount, have not been disclosed in the provided information.

Players

Ben Biberaj

IPRG Retail Leasing

Broker

$26.2M

vol

192 deals

Broker
Apple Bank
Apple BankTenant

New York 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

122023.08%

Cash-on-Cash

-34874.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93