Gregory Tannor & Jessica Gerstein Represent The Travel Agency In Downtown Brooklyn Retail Lease
122 Flatbush Avenue
$315
$315/SF
Building Size
4,774 SF
Asset Type
Retail
Closing
Dec 1, 2023
AI
Located at 122 Flatbush Avenue in Downtown Brooklyn, the asset involved in the lease transaction is a retail space spanning 4,774 square feet. The deal was facilitated between Times Plaza Management, the landlord, and The Travel Agency, the tenant. The asking rent for this retail lease was $315 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not Applicable
- Landlord: Times Plaza Management
- Tenant: The Travel Agency
- Address: 122 Flatbush Avenue
- Market: Downtown Brooklyn
- Landlord's Rep: Evan Schuckman - Ripco
- Tenant's Rep: Gregory Tannor & Jessica Gerstein - Lee & Associates
- Asking Rent: $315/ft
- Lease Type: Retail Lease
Key individuals involved in the transaction include Evan Schuckman from Ripco, representing the landlord, and Gregory Tannor & Jessica Gerstein from Lee & Associates, acting as the tenant's representatives in this retail lease deal.
Players
Brooklyn Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
50358.73%
Cash-on-Cash
-14392.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93