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
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