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.
On the Map
Retail
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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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93