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1523 Voorhies Avenue, Brook...

LevelUp MD Leases Retail Space At 1523 Voorhies Avenue In Sheepshead Bay, Brooklyn
LEASEDRetail

LevelUp MD Leases Retail Space At 1523 Voorhies Avenue In Sheepshead Bay, Brooklyn

1523 Voorhies Avenue, Brooklyn, NY 11235

Building Size

5,200 SF

Asset Type

Retail

Closing

Apr 19, 2021

AI

The retail property located at 1523 Voorhies Avenue in Sheepshead Bay, Brooklyn has recently been leased. The transaction took place on April 20, 2021. The asset spans approximately 5,200 square feet and is situated in the Sheepshead Bay market.

Summary of Transaction Details

  • Property Type: Retail
  • Date: 04/20/2021
  • Address: 1523 Voorhies Avenue
  • Market: Sheepshead Bay, Brooklyn

The tenant for this retail space is LevelUp MD, specifically ordyGetz. The landlord of the property is Elliot Meisenberg. TriStateCommercial brokers Dov Bleich and Avi Akiva represented both the tenant and the landlord in this transaction. The lease was secured at an asking rent of $60 per square foot, resulting in a total lease value of approximately $312,000.

LevelUp MD is an urgent care center that aims to provide a convenient and luxurious experience for its patients. Dov Bleich and Avi Akiva, the brokers from TriStateCommercial, proudly represented LevelUp MD in this New York expansion. If you have any suitable spaces available for an urgent care center with medical-friendly lease terms, kindly reach out to Dov Bleich at [email protected].

Players

Dov Bleich

Tri State Commercial Realty

Broker

$12.4M

vol

24 deals

Broker

Elliot Meisenberg

Landlord

$8.9M

vol

4 deals

Landlord
LM
LevelUp MDTenant

New York 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