Fleet Organic Market Signs Lease With Red Apple Group For 2,361 Square Feet In Brooklyn
168 Myrtle Ave
Building Size
2,361 SF
Asset Type
Retail
Closing
Jan 1, 2017
About this deal
AI
The property involved in this transaction is a retail asset located at 168 Myrtle Ave in Brooklyn. The total square footage of the property is 2,361.0 square feet.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 168 Myrtle Ave
- Market: Brooklyn
- Tenant: Fleet Organic Market
- Landlord: Red Apple Group
- Brokers: Thomas Caliendo - Tide Realty Group, Daniel D. DePasquale
- Lease Date: 01/01/2017
The primary broker representatives in this transaction are Thomas Caliendo from Tide Realty Group and Daniel D. DePasquale. They facilitated the leasing process between the tenant, Fleet Organic Market, and the landlord, Red Apple Group.
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