LEASEDRetail
Abe Esses Of Optimum Properties Leases Retail Space To Dixie BBQ At 1316 Avenue J Brooklyn
1316 Avenue J
Building Size
3,000 SF
Asset Type
Retail
Closing
Dec 21, 2023
About this deal
AI
The property asset involved in this lease transaction is a retail space located at 1316 Avenue J in Brooklyn. The total square footage of the space is 3,000.0 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: N/A
- Address: 1316 Avenue J
- Market: Brooklyn
- Landlord: Abe Esses
- Landlord Agency: Optimum Properties
- Tenant: N/A
- Broker: Aric Trakhtenberg
- Broker Agency: Newmark
Key individuals involved in this transaction include Abe Esses, the landlord representing Optimum Properties, and Aric Trakhtenberg, who brokered the deal for Newmark.
Players
Brooklyn Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Browse Brooklyn retail leases on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93