Pliskin Realty & Development Leases Retail Space To LaundryBee At 2160 Ralph Avenue Brooklyn
2160 Ralph Avenue
$65
$65/SF
Building Size
5,000 SF
Asset Type
Retail
Closing
Apr 14, 2025
About this deal
AI
The property asset involved in this transaction is a retail space located at 2160 Ralph Avenue in Brooklyn. The lease agreement is set for a term of 15 years and is classified as a Modified Gross Lease. The asking rent for this retail space is $65 per square foot, covering a total area of 5,000 square feet.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $65/ft
- Address: 2160 Ralph Avenue
- Market: Brooklyn
- Lease Term: 15 Years
- Lease Type: Modified Gross Lease
- Landlord: Pliskin Realty & Development
- Tenant: LaundryBee
- Landlord's Rep: Eddie Keda - Tri State Commercial Realty
- Tenant's Rep: Moshe Akiva - Tri State Commercial Realty
The key individuals involved in this deal include Eddie Keda and Moshe Akiva, both representing their respective parties through Tri State Commercial Realty. Keda serves as the landlord's representative for Pliskin Realty & Development while Akiva represents the tenant, LaundryBee.
On the Map
$65
$65/SF
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
244046.15%
Cash-on-Cash
-69749.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93