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1941 Coney Island Avenue

Chai Urgent Care Leases Retail Space At 1941 Coney Island Ave. In Midwood, Flatbush
LEASEDRetail

Chai Urgent Care Leases Retail Space At 1941 Coney Island Ave. In Midwood, Flatbush

1941 Coney Island Avenue

$50

$50/SF

Building Size

2,200 SF

Asset Type

Retail

Closing

Sep 13, 2022

AI

The retail asset located at 1941 Coney Island Ave. in the Midwood, Flatbush market features a space of 2,200 square feet with an asking rent of $50 per square foot. This lease transaction involves a notable tenant, Chai Urgent Care, which has recently opened at this location.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $50/ft
  • Landlord: Michael Tonnachio
  • Tenant: Chai Urgent Care
  • Date of Transaction: 09/13/2022

The transaction was represented by Yoni Hadar and Eddy Salameh for the tenant Chai Urgent Care, highlighting the involvement of these individuals in securing the lease agreement.

Players

CC
Chai Urgent CareTenant

Eddy Salameh

Chai Urgent Care

Tenant

$1.4M

vol

15 deals

Tenant

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

317260.00%

Cash-on-Cash

-90673.88%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93