Static Booking And Social Club Leases Retail Space At 1308-1310 Myrtle Avenue In New York City
1308 Myrtle Ave Brooklyn, NY 11221, USA
$45
$45/SF
Building Size
1,556 SF
Asset Type
Retail
Closing
May 17, 2023
AI
The retail property located at 1308-1310 Myrtle Avenue in New York City has recently been leased. The property is owned by Urban View Real Estate and the tenant is Static Booking And Social Club. The deal was facilitated by brokers John Le Vine, David Quigua, Joseph DiPiazza, and Joanna Soto from EXR. The lease transaction was completed on May 17, 2023.
Summary of transaction details
- Property Type: Retail
- Asking Rent: $45 per square foot
- Square Footage: 1,556
The lease agreement between Urban View Real Estate and Static Booking And Social Club was successfully negotiated by brokers John Le Vine, David Quigua, Joseph DiPiazza, and Joanna Soto from EXR. The property, located at 1308-1310 Myrtle Avenue in New York City, offers a commercial space suitable for retail purposes. The asking rent for the property is $45 per square foot, with a total area of 1,556 square feet.
Players
New York 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
352511.11%
Cash-on-Cash
-100748.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93