Beabella Salon Leases Retail Space On Avenue J In Midwood, Brooklyn
1119 Avenue J, Brooklyn, New York 11230, United States
Building Size
4,250 SF
Asset Type
Retail
Closing
Apr 30, 2022
About this deal
AI
Beabella Salon has signed a lease agreement for a retail space at 1119 Avenue J in Midwood. The property, spanning 4,250 square feet, was leased by the tenant, Beabella Salon. The landlord, Leibal Seww, facilitated the lease transaction. Avi Akiva from Tri State Commercial Realty LLC represented the tenant in this deal. The asking rent for the space was $45 per square foot.
Summary of transation details
- Property Type: Retail
- Transaction Amount: N/A
- Address: 1119 Avenue J, Midwood
- Market: Midwood
- Landlord: Leibal Seww
- Tenant: Beabella Salon
- Broker: Avi Akiva - Tri State Commercial Realty LLC
- Asking Rent: $45/ft.
- Square Footage: 4,250 sqft
Eddie Keda and Avi Akiva shared the image of the property on Instagram.
Players
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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