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1730 Bedford Avenue

Lidl Supermarkets Leases 2nd Floor Of 33,000 SF Development Site On Bedford Ave, Crown Heights
LEASEDRetail

Lidl Supermarkets Leases 2nd Floor Of 33,000 SF Development Site On Bedford Ave, Crown Heights

1730 Bedford Avenue

$45

$45/SF

Building Size

2,700 SF

Asset Type

Retail

Closing

Jul 14, 2022

AI

A development site located at 1730 Bedford Ave. in Crown Heights has been leased. The property spans 33,000 square feet and was leased by Lidl Supermarkets, who will occupy the entire 2nd floor. The asking rent for the space was $45 per square foot.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: Not applicable
  • Address: 1730 Bedford Ave., Crown Heights
  • Market: Crown Heights

7th Street Development Group, represented by Rivkah Sontag Tepler and Jack Goldof, served as the landlord for the lease. Augenbaum Realty Corp., represented by Josh Augenbaum, acted as the landlord's representative. Schuckman Realty Inc., represented by Ken Schuckman, served as the tenant's representative. Additionally, the broker noted that there is 12,500 square feet of ground floor space available for lease, and interested parties can contact [email protected] for more information.

Players

Josh Augenbaum

Augenbaum Realty

Broker

$655M

vol

144 deals

Broker

Rivkah Sontag Tepler

Landlord

$62.3M

vol

2 deals

Landlord

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

352511.11%

Cash-on-Cash

-100748.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93