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
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
317260.00%
Cash-on-Cash
-90673.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93