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1117 Eastern Pkwy, Brooklyn...

Snipes Signs Lease For 6000 Square Feet At 1117 Eastern Pkwy Brooklyn With Landlord Urban Scape LLC
LEASEDRetail

Snipes Signs Lease For 6000 Square Feet At 1117 Eastern Pkwy Brooklyn With Landlord Urban Scape LLC

1117 Eastern Pkwy, Brooklyn, NY, 112...

Building Size

6,000 SF

Asset Type

Retail

Closing

Jun 30, 2020

AI

Lease transaction involving a property located at 1117 Eastern Pkwy, Brooklyn, NY. The leased space encompasses 6,000 square feet within the Brooklyn market.

Summary of transation details:

This transaction highlights the collaboration of Evan Clements and Fritz Kemerling representing Snipes, while Josh Augenbaum provided representation for Urban Scape LLC as the landlord in this lease agreement.

Players

Josh Augenbaum

Augenbaum Realty

Broker

$652.8M

vol

140 deals

Broker
UL
Urban Scape LLCLandlord
S
SnipesTenant

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93