Boston Market Leases Retail Space In Flatbush, Brooklyn At 1623 Flatbush Avenue
1623 Flatbush Avenue, Brooklyn, NY, USA
Building Size
2,400 SF
Asset Type
Retail
Closing
Jun 2, 2021
About this deal
AI
The retail property located at 1623 Flatbush Avenue in Flatbush, Brooklyn has recently been leased. The lease transaction took place on 06/03/2021. The asset spans a total of 2,400 square feet and is situated in the Flatbush market.
Tenants: Boston Market Corporation
Landlord: Adir Cohen
Tenant's Representative: George Skaliarinis & Mark Gallucci
Landlord's Representative: Josh Augenbaum
Summary of transaction details
- Property Type: Retail
- Transaction Date: 06/03/2021
- Address: 1623 Flatbush Avenue, Flatbush, Brooklyn
- Tenant: Boston Market Corporation
- Landlord: Adir Cohen
- Tenant's Representative: George Skaliarinis & Mark Gallucci
- Landlord's Representative: Josh Augenbaum
- Asking Rent: $65 per square foot
- Total Square Footage: 2,400
The deal involved George Skaliarinis and Mark Gallucci as representatives of Boston Market Corporation, while Josh Augenbaum represented the landlord, Adir Cohen.
On the Map
Retail
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Players
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93