Lev Torah Signs Lease At 1315-1317 Avenue T Brooklyn Represented By Moshe Akiva & Avi Akiva
1315 Avenue T
$35
$35/SF
Building Size
10,000 SF
Asset Type
Retail
Closing
Mar 31, 2025
AI
The retail asset located at 1315-1317 Avenue T in Brooklyn has a lease term of 5 years under a modified gross lease arrangement. The asking rent is set at $35 per square foot for a total of 10,000 square feet.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $35/ft
- Lease Term: 5 Years
- Lease Type: Modified Gross Lease
- Landlord: VBS Capital
- Tenant: Lev Torah
- Broker: Moshe Akiva & Avi Akiva - Tri State Commercial Realty
Moshe Akiva and Avi Akiva represented the landlord VBS Capital in this transaction involving Lev Torah as the tenant. Their expertise facilitated the lease agreement in the Brooklyn market.
Players
Brooklyn 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
453228.57%
Cash-on-Cash
-129534.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93