The Jemstone Group Leases Retail Space To J Leagues At 2044 Flatbush Avenue Brooklyn
2044 Flatbush Avenue
Building Size
3,000 SF
Asset Type
Retail
Closing
Feb 17, 2025
About this deal
AI
The property asset involved in this transaction is a retail space located at 2044 Flatbush Avenue in Brooklyn. This space encompasses a total of 3,000 square feet and is leased under a Modified Gross Lease agreement with an asking rent of $45 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Lease Type: Modified Gross Lease
- Landlord: The Jemstone Group
- Tenant: J Leagues
- Broker Representatives: Moshe Akiva & Mendel Sears - Tri State Commercial Realty
- Date of Transaction: 02/17/2025
The key individuals involved in this deal are Moshe Akiva and Mendel Sears, who represent the landlord, The Jemstone Group, in this transaction. Their expertise in commercial realty adds a significant dimension to the leasing process for this retail property.
On the Map
Retail
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Players
Brooklyn 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
352511.11%
Cash-on-Cash
-100748.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93