Yosef Krohn's Cafe Chocolat Signs 10-Year Lease At 1417 Avenue J In Midwood, Brooklyn
1417 Avenue J
$65
$65/SF
Building Size
6,000 SF
Asset Type
Retail
Closing
Nov 16, 2023
About this deal
AI
A retail property located at 1417 Avenue J in Midwood, Brooklyn, has recently been leased. The property spans 6,000 square feet and is owned by Avromi Izsak, Yossi Izsak, and David Kleiner. The tenant, Yosef Krohn, will be operating a cafe called Cafe Chocolat.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Asking Rent: $65 per square foot
- Lease Type: Modified Gross Lease
- Lease Term: 10 years
The lease was facilitated by broker Josh Augenbaum from Augenbaum Realty.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
244046.15%
Cash-on-Cash
-69749.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93