facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Retail

/

Lease

/

1316 Avenue J

Abe Esses Of Optimum Properties Leases Retail Space To Dixie BBQ At 1316 Avenue J Brooklyn
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

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

Aric Trakhtenberg

Newmark

Broker

$8.3M

vol

52 deals

Broker

Abe Esses

Optimum Properties

Landlord

$8M

vol

1 deal

Landlord

N/A

Dixie BBQ

Tenant
Tenant

Brooklyn Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

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