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1584 Flatbush AveBrooklyn, ...

Teriyaki One Leases 2,550 SF Retail Space On Flatbush Avenue In New York City
LEASEDRetail

Teriyaki One Leases 2,550 SF Retail Space On Flatbush Avenue In New York City

1584 Flatbush AveBrooklyn, NY 11210, USA

$100

$100/SF

Building Size

2,550 SF

Asset Type

Retail

Closing

Jun 6, 2023

AI

Eddie Mizrachi and Soly A. Bawabeh have leased out the retail property located at 1584 Flatbush Avenue in New York City. The asset is a retail space with a size of 2,550 square feet. The lease term is set for 10 years, and the asking rent for the property is $100 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Not Applicable
  • Address: 1584 Flatbush Avenue
  • Market: New York City

Josh Augenbaum from Augenbaum Realty represented the landlord, Eddie Mizrachi and Soly A. Bawabeh, in this lease transaction. The tenant, Teriyaki One, was represented by Peter Yoon from Ripco.

Players

Josh Augenbaum

Augenbaum Realty

Broker

$652.8M

vol

140 deals

Broker
Eddie Mizrachi

Eddie Mizrachi

Landlord

24 deals

Landlord

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

158630.00%

Cash-on-Cash

-45336.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93