Vedette Beauty And Skin Care Leases 1500 Square Feet At 1797 Flatbush Ave Brooklyn
1797 Flatbush Ave, Brooklyn, NY, 11210
$44
$44/SF
Building Size
1,500 SF
Asset Type
Retail
Closing
Nov 19, 2023
AI
The property involved in the transaction is located at 1797 Flatbush Ave, Brooklyn, NY, 11210. It features a total area of 1500 square feet with a rental price of $44 per square foot. The market for this property is Brooklyn, where it has been leased to a tenant.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 1797 Flatbush Ave, Brooklyn, NY, 11210
- Market: Brooklyn
- Landlord: 1797 Flatbush Ave LLC
- Tenant: Vedette Beauty and Skin Care
- Landlord's Representative: Eddie Keda - Tri State Commercial Realty
The transaction includes the tenant Vedette Beauty and Skin Care entering into a lease agreement with the landlord 1797 Flatbush Ave LLC. Eddie Keda from Tri State Commercial Realty represented the landlord in this deal, facilitating the agreement between the two parties.
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
360522.73%
Cash-on-Cash
-103038.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93