Talented Pre School Leases Retail Space In Flatbush At 2184 Clarendon Rd. - Albert Halawani & Eli Yadid Represented The Landlord
2184 Clarendon Road, Brooklyn, New York 11226, United States
Building Size
12,000 SF
Asset Type
Retail
Closing
May 5, 2022
About this deal
AI
Located at 2184 Clarendon Rd. in the Flatbush market, this retail property has recently been leased. The lease transaction was facilitated by brokers Albert Halawani and Eli Yadid from KSR on behalf of the tenant Talented Pre School. Joe Araman acted as the landlord in this deal.
Summary of transaction details
- Property Type: Retail
- Lease Date: 05/06/2022
- Address: 2184 Clarendon Rd.
- Market: Flatbush
- Tenant: Talented Pre School
- Landlord: Joe Araman
- Brokers: Albert Halawani & Eli Yadid - KSR
- Asking Rent: $35/ft.
- Square Footage: 12,000
The lease transaction for this retail property further demonstrates the expertise of brokers Albert Halawani and Eli Yadid from KSR in representing their clients. They were able to secure a lease agreement between the tenant, Talented Pre School, and the landlord, Joe Araman, at an asking rent of $35 per square foot for a total space of 12,000 square feet.
Players
New York 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93