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
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.
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