facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Retail

/

Lease

/

1584 Flatbush AveBrooklyn, ...

Olgam Life Leases 11,000 SF Retail Space At 1584 Flatbush Avenue, NYC
LEASEDRetail

Olgam Life Leases 11,000 SF Retail Space At 1584 Flatbush Avenue, NYC

1584 Flatbush AveBrooklyn, NY 11210, USA

$50

$50/SF

Building Size

2,550 SF

Asset Type

Retail

Closing

Dec 7, 2022

AI

The retail property located at 1584 Flatbush Avenue in New York City has been leased. The lease term is set for 10 years. The property offers 11,000 square feet of space.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: Lease
  • Address: 1584 Flatbush Avenue
  • Market: New York City

Eddie Mizrachi and Soly A. Bawabeh are the landlords of the property, while Olgam Life serves as the tenant. The lease was facilitated by Josh Augenbaum from Augenbaum Realty Corp.

Players

Josh Augenbaum

Augenbaum Realty

Broker

$652.8M

vol

140 deals

Broker
Eddie Mizrachi

Eddie Mizrachi

Landlord

24 deals

Landlord
OL
Olgam LifeTenant

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

317260.00%

Cash-on-Cash

-90673.88%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93