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1938 Nostrand Avenue, Brook...

Lucky's Convenience Store & Smoke Shop Leases Retail Space In Flatbush
LEASEDRetail

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

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.

Players

Josh Augenbaum

Augenbaum Realty

Broker

$652.8M

vol

140 deals

Broker
Eddie Mizrachi

Eddie Mizrachi

Landlord

24 deals

Landlord
LS
Lucky's Convenience Store & Smoke ShopTenant

New York 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