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2102 Ralph Avenue

Advance Auto Parts Leases Retail Space At 2102 Ralph Avenue, New York City
LEASEDRetail

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

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

Hilary Sievers

JLL

Broker

7 deals

Broker

Joel Jacob

Skybrook Capital

Landlord

$63.5M

vol

10 deals

Landlord
AP
Advance Auto PartsTenant

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

244046.15%

Cash-on-Cash

-69749.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93