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1623 Flatbush Avenue

Buffalo Wild Wings Go Signs Modified Gross Lease For Retail Space On Flatbush Avenue In East Flatbush
LEASEDRetail

Buffalo Wild Wings Go Signs Modified Gross Lease For Retail Space On Flatbush Avenue In East Flatbush

1623 Flatbush Avenue

$100

$100/SF

Building Size

1,698 SF

Asset Type

Retail

Closing

Dec 21, 2023

AI

An 1,698 square foot retail space located at 1623 Flatbush Avenue in East Flatbush has been leased. The property is part of a modified gross lease agreement with a lease term of 10 years. The tenant, Buffalo Wild Wings Go, will be joining other businesses such as TD Bank, UPS Store, and Buffalo Wild Wings GO in the area. The asking rent for the space was $100 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not provided
  • Address: 1623 Flatbush Avenue
  • Market: East Flatbush

The landlord of the property is Adir Cohen, represented by Josh Augenbaum from Augenbaum Realty. The tenant, Buffalo Wild Wings Go, was represented by Mitzi Flexer from Cushman & Wakefield. Josh Augenbaum can be contacted for more details about the available 734 square foot space next to Buffalo Wild Wings, which features 15 feet of frontage.

Players

Josh Augenbaum

Augenbaum Realty

Broker

$652.8M

vol

140 deals

Broker
Renaissance Realty Group
Renaissance Realty GroupLandlord

Brooklyn 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