My Home Adult Day Care Center Leases Retail Space In Bushwick At 1206 Putnam Ave
1206 Putnam Avenue, Brooklyn, NY 11221
Building Size
5,200 SF
Asset Type
Retail
Closing
Jul 15, 2020
About this deal
AI
The retail property located at 1206 Putnam Ave. in Bushwick has recently been leased. The property, which falls under the category of a community facility, spans a total of 5,200 square feet. The lease transaction was finalized on July 15, 2021.
Summary of transaction details
- Property Type: Retail - Community Facility
- Transaction Date: 07/15/2021
- Address: 1206 Putnam Ave.
- Market: Bushwick
- Tenant: My Home Adult Day Care Center
- Landlord: Urban View - Bobby Mitchell
- Landlord's Representative: Joseph DiPiazza & Nate Mallon - EXR
- Asking Rent: $33/ft.
- Total Square Footage: 5,200
The tenant for the leased property is the My Home Adult Day Care Center. The landlord of the property is Urban View, represented by Bobby Mitchell. Joseph DiPiazza and Nate Mallon from EXR acted as the landlord's representatives in the deal.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Browse New York retail leases on Traded.
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