2014 Cropsey LLC Leases Retail Space In Brooklyn For $337,500
2014 Cropsey Avenue, Brooklyn, New York 11214, United States
Building Size
7,500 SF
Asset Type
Retail
Closing
Jan 31, 2022
About this deal
AI
2014 Cropsey Avenue in Brooklyn has recently been leased by 2014 Cropsey LLC. The retail property, spanning 7,500 square feet, was represented by Arsen Atbashyan and Denis Abayev from Commercial Acquisitions. The lease was signed on February 1, 2022, for an asking rent of $45 per square foot.
Summary of transation details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 2014 Cropsey Avenue
- Market: Brooklyn
- Tenant: 2014 Cropsey LLC
- Brokers: Arsen Atbashyan & Denis Abayev - Commercial Acquisitions
- Asking Rent: $45 per square foot
- Square Footage: 7,500
The lease of 2014 Cropsey Avenue was facilitated by Arsen Atbashyan and Denis Abayev, representing Commercial Acquisitions. These brokers successfully negotiated the lease agreement on behalf of 2014 Cropsey LLC, securing a rental rate of $45 per square foot.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93