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1116 Bedford Avenue

Sushi Izayaka Signs 10-Year Double Net Lease In Bedford-Stuyvesant With Landlords John Le Vine, David Korn & David Dubinsky
LEASEDRetail

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

David Dubinsky

EXR

Broker

9 deals

Broker
Shulem Herman

Shulem Herman

Sher Management

Landlord

$244.5M

vol

8 deals

Landlord

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