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1308 Myrtle Ave, Brooklyn, ...

Event Space Tenant Leases Retail Space At 1308-1310 Myrtle Avenue In New York City
LEASEDRetail

Event Space Tenant Leases Retail Space At 1308-1310 Myrtle Avenue In New York City

1308 Myrtle Ave, Brooklyn, NY 11221, USA

$55

$55/SF

Building Size

1,432 SF

Asset Type

Retail

Closing

Jun 2, 2023

AI

The retail property located at 1308-1310 Myrtle Avenue in New York City has been leased. The property, measuring 1,432 square feet, was leased to an event space tenant. Urban View Real Estate acted as the landlord in this transaction.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: N/A
  • Address: 1308-1310 Myrtle Avenue, New York City
  • Market: New York City
  • Tenant: Event Space Tenant
  • Landlord: Urban View Real Estate

The landlord was represented by Joseph DiPiazza and John Le Vine from EXR. On the other hand, the tenant was represented by Eddie Keda and Maurice Amar from Tri State Commercial.

Players

Joseph DiPiazza

EXR

Broker

$50.6M

vol

36 deals

Broker
UE
Urban View Real EstateLandlord

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

288418.18%

Cash-on-Cash

-82430.80%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93