Augenbaum Realty Corp. Represents Olgam Life In 10-Year Retail Lease On Flatbush Ave, NYC
1584 Flatbush AveBrooklyn, NY 11210, USA & 1584 Flatbush Avenue, Brooklyn, New York 11210, United States
$50
$50/SF
Building Size
2,550 SF
Asset Type
Retail
Closing
Jul 12, 2022
About this deal
AI
Eddie Mizrachi and Soly A. Bawabeh have leased their retail property located at 1584 Flatbush Avenue in New York City. The tenant, Olgam Life, has signed a 10-year lease agreement for the space.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Asking Rent: $50/ft., SF: 11,000
- Lease Term: 10 years
- Landlord: Eddie Mizrachi & Soly A. Bawabeh
- Tenant: Olgam Life
- Broker: Josh Augenbaum - Augenbaum Realty Corp
Josh Augenbaum from Augenbaum Realty Corp represented the landlord, Eddie Mizrachi and Soly A. Bawabeh, in the leasing deal.
On the Map
$50
$50/SF
Retail
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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