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170 Myrtle Ave

SL Tax Centers Leases Retail Space At 170 Myrtle Ave In Brooklyn From Red Apple Group
LEASEDRetail

SL Tax Centers Leases Retail Space At 170 Myrtle Ave In Brooklyn From Red Apple Group

170 Myrtle Ave

Building Size

1,717 SF

Asset Type

Retail

Closing

Jan 1, 2016

AI

The asset involved in this transaction is a retail property located at 170 Myrtle Ave in Brooklyn. The total square footage of the property is 1,717.0. The property is leased to SL Tax Centers / The Holtz Group from the landlord, Red Apple Group.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 170 Myrtle Ave
  • Market: Brooklyn
  • Square Feet: 1717.0
  • Tenant: SL Tax Centers / The Holtz Group
  • Landlord: Red Apple Group
  • Brokers: Marie Espinal (Douglas Elliman), Anita Grossberg (Douglas Elliman), Thomas Caliendo (Tide Realty Group), Daniel D. DePasquale

The deal involves several key individuals and companies including brokers Marie Espinal and Anita Grossberg from Douglas Elliman, as well as Thomas Caliendo from Tide Realty Group. Daniel D. DePasquale is also involved in the lease negotiation for the retail space.

Players

Marie Espinal

Douglas Elliman

Broker

$8.7M

vol

1 deal

Broker
RG
Red Apple GroupLandlord
SG
SL Tax Centers / The Holtz GroupTenant

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