Myrtle Wines & Spirits Leases 1,800 Square Feet Retail Space At 166 Myrtle Ave Brooklyn
166 Myrtle Ave
Building Size
1,800 SF
Asset Type
Retail
Closing
Jan 1, 2017
About this deal
AI
The property asset involved in this transaction is a retail space located at 166 Myrtle Ave in Brooklyn. The total square footage of the space is 1,800 square feet. The transaction took place on January 1, 2017.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 166 Myrtle Ave
- Market: Brooklyn
- Tenant: Myrtle Wines & Spirits
- Landlord: Red Apple Group
- Square Feet: 1800.0
- Brokers: Thomas Caliendo - Tide Realty Group, Daniel D. DePasquale - Not Disclosed
The key individuals involved in this transaction include tenants Myrtle Wines & Spirits and landlord Red Apple Group. The brokers representing the transaction are Thomas Caliendo from Tide Realty Group and Daniel D. DePasquale, whose agency is not specified.
Players
Brooklyn Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Browse Brooklyn retail leases on Traded.
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