22 Chapel Street In Brooklyn Leased To 22 MP Parking By Max Aginskiy - Office NYC And Yoni Hadar - Meridian Retail Leasing
22 Chapel Street
Building Size
26,700 SF
Asset Type
Retail
Closing
Nov 30, 2021
About this deal
AI
A retail property located at 22 Chapel Street in Brooklyn has recently been leased. The property, with a total square footage of 26,700, was represented by Yoni Hadar from Meridian Retail Leasing. The tenant, 22 MP Parking, was represented by Max Aginskiy from Office NYC. The asking rent for the property was $20 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Lease
- Address: 22 Chapel Street, Brooklyn
- Tenant: 22 MP Parking
- Tenant's Representative: Max Aginskiy - Office NYC
- Landlord's Representative: Yoni Hadar - Meridian Retail Leasing
- Asking Rent: $20 per square foot
- Square Footage: 26,700
The deal was successfully brokered by Yoni Hadar from Meridian Retail Leasing and Max Aginskiy from Office NYC. This agreement demonstrates their expertise in negotiating lease transactions in the Brooklyn market.
On the Map
Retail
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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