The Jemstone Group Leases Retail Space To J Leagues At 2044 Flatbush Avenue Brooklyn
2044 Flatbush Avenue
$45
$45/SF
Building Size
3,000 SF
Asset Type
Retail
Closing
Feb 17, 2025
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.
Players
Brooklyn Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
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