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
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