Starbucks Leases Retail Space In Midwood, Brooklyn At 1520 Avenue J With Broker Joseph Cohen From Tri State Commercial Realty
1520 Avenue J, Brooklyn, NY 11230
$100
$100/SF
Building Size
2,000 SF
Asset Type
Retail
Closing
Aug 17, 2023
About this deal
AI
The retail property located at 1520 Avenue J in Midwood, Brooklyn has recently been leased. The property spans a total of 2,000 square feet and is currently occupied by Starbucks. The landlord of the property is YPHS - Alan Malah. The lease transaction was facilitated by Joseph Cohen of Tri State Commercial Realty.
Summary of transation details
- Property Type: Retail
- Asking Rent: $100/ft
- Square Footage: 2,000
- Date: 08/17/2023
- Address: 1520 Avenue J, Brooklyn
- Market: Midwood
In this lease deal, Joseph Cohen of Tri State Commercial Realty acted as the broker, representing the tenant Starbucks. The lease was secured with an asking rent of $100 per square foot.
On the Map
$100
$100/SF
Retail
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Players
Market 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