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
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