Sushi Izayaka Signs 10-Year Double Net Lease In Bedford-Stuyvesant With Landlords John Le Vine, David Korn & David Dubinsky
1116 Bedford Avenue
$65
$65/SF
Building Size
1,300 SF
Asset Type
Retail
Closing
Sep 20, 2023
AI
The property involved in this lease transaction is a retail space located at 1116 Bedford Avenue in the Bedford-Stuyvesant market. The asset spans approximately 1,300 square feet.
Summary of transaction details:
- Property Type: Retail
- Asking Rent: $65 per square foot
- Lease Type: Double Net Lease
- Lease Term: 10 years
Sushi Izayaka is the tenant in this lease deal. John Le Vine and David Korn, representing EXR, served as the landlord's representatives. David Dubinsky, also from EXR, represented the tenant in this transaction.
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
244046.15%
Cash-on-Cash
-69749.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93