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2044 Flatbush Avenue

The Jemstone Group Leases Retail Space To J Leagues At 2044 Flatbush Avenue Brooklyn
LEASEDRetail

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

Moshe Akiva

Momentum Realty Group

Broker

$3.3M

vol

24 deals

Broker
TG
The Jemstone GroupLandlord

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