Lucky's Convenience Store & Smoke Shop Leases Retail Space In Flatbush
1938 Nostrand Avenue, Brooklyn, New York 11210, United States
Building Size
2,000 SF
Asset Type
Retail
Closing
Aug 7, 2022
About this deal
AI
The retail property located at 1938 Nostrand Ave in the Flatbush market has recently been leased. The transaction took place on 08/08/2022. The property has a total area of 2,000 square feet. The landlord for this property is Eddie Mizrachi & Soly A. Bawabeh, while the tenant is Lucky's Convenience Store & Smoke Shop. The leasing process was facilitated by broker Josh Augenbaum from Augenbaum Realty Corp.
Summary of transation details
- Property Type: Retail
- Asking Rent: $30/ft
- Address: 1938 Nostrand Ave
- Date: 08/08/2022
- Market: Flatbush
The leasing of this retail property was made possible by the efforts of Josh Augenbaum from Augenbaum Realty Corp. Their expertise in the market played a crucial role in connecting the landlord, Eddie Mizrachi & Soly A. Bawabeh, with the tenant, Lucky's Convenience Store & Smoke Shop. The asking rent for the property was set at $30 per square foot.
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Retail
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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