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
About this deal
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.
The retail lease at 1584 Flatbush AveBrooklyn, NY 11210, USA in New York, New York leased for $50 in 2022. The building is 2,550 square feet, implying about 50 per square foot on the published price. Josh Augenbaum, Eddie Mizrachi, Soly A. Bawabeh, Augenbaum Realty appear on the lease alongside Augenbaum Realty. This page is the New York, New York file for the 1584 Flatbush AveBrooklyn, NY 11210, USA retail leased: pricing, party profiles, and other closed retail comps from the same New York sit in the Market section below. Filter that New York retail set by closing date to see what else leased near 1584 Flatbush AveBrooklyn, NY 11210, USA around 2022. Published consideration for 1584 Flatbush AveBrooklyn, NY 11210, USA is $50, dated 2022. Cite this Olgam Life Leases 11,000 SF Retail Space At 1584 Flatbush Avenue, NYC lease when underwriting similar retail product around New York, New York.
Players
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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