Solomon Sharaby & Justin Liniado Of KSR Secure Retail Lease In Flatbush, Brooklyn
1409 Kings Highway
$100
$100/SF
Building Size
2,100 SF
Asset Type
Retail
Closing
Mar 1, 2024
About this deal
AI
The retail property located at 1409 Kings Highway in Flatbush, Brooklyn, was leased to MGR Foods. The landlord, Maria Polina, secured a lease agreement with a total square footage of 2,100 square feet at an asking rent of $100 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Landlord: Maria Polina
- Tenant: MGR Foods
- Brokers: Solomon Sharaby & Justin Liniado - KSR
Solomon Sharaby and Justin Liniado from KSR represented both the landlord and the tenant in this retail lease deal.
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
158630.00%
Cash-on-Cash
-45336.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93