Advance Auto Parts Leases Retail Space At 2102 Ralph Avenue, New York City
2102 Ralph Avenue
$65
$65/SF
Building Size
7,705 SF
Asset Type
Retail
Closing
Dec 20, 2022
AI
Advance Auto Parts has signed a lease for a retail space at 2102 Ralph Avenue in New York City. The property, spanning 7,705 square feet, was marketed for lease by Schuckman Realty. The asking rent for the space is $65 per square foot.
Summary of transaction details
- Property Type: Retail
- Date: 12/20/2022
- Address: 2102 Ralph Avenue
- Market: New York City
- Landlord: Joel Jacob
- Tenant: Advance Auto Parts
- Landlord's Representative: Steven Hakakian & Baruch Edelkopf - Schuckman Realty
- Tenant's Representative: Hilary Sievers - JLL
- Asking Rent: $65/ft
- Square Footage: 7,705
Schuckman Realty successfully marketed the property for lease and facilitated the lease agreement with Advance Auto Parts. This transaction exemplifies Schuckman's cross-channel collaboration capabilities, as they ran both the sales and leasing processes simultaneously to maximize value for both parties. Additionally, the end cap space with shared parking is currently being marketed, and interested parties can reach out to Steven Hakakian for more details.
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
244046.15%
Cash-on-Cash
-69749.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93