EXR Brokers Lease Retail Space At 1308-1310 Myrtle Avenue In New York City For $50/ft
1308 Myrtle Ave Brooklyn, NY 11221, USA
$50
$50/SF
Building Size
1,556 SF
Asset Type
Retail
Closing
Feb 13, 2023
About this deal
AI
The retail property located at 1308-1310 Myrtle Avenue in New York City has been recently leased. The property spans a total area of 3,894 square feet, providing ample space for a retail business. The landlord, Urban View, successfully closed the lease transaction.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: N/A
- Address: 1308-1310 Myrtle Avenue, New York City
- Market: New York City
- Square Footage: 3,894
The lease deal was facilitated by brokers Joseph DiPiazza and John Le Vine from EXR. They represented the landlord, Urban View, in this transaction.
On the Map
$50
$50/SF
Retail
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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
317260.00%
Cash-on-Cash
-90673.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93