LEASEDRetail
Diamond Braces Leases Retail Space At 22 Graham Avenue In East Williamsburg
22 Graham Avenue, Brooklyn, NY 11206
Building Size
2,200 SF
Asset Type
Retail
Closing
Apr 25, 2021
AI
The retail property located at 22 Graham Avenue in East Williamsburg has been leased. The transaction took place on 04/26/2021.
Summary of transaction details:
- Property Type: Retail
- Asking Rent: $90/ft.
- Square Footage: 2,200
- Tenant: Diamond Braces
- Landlord: Michael Hirschorn
- Landlord Representative: Josh Augenbaum - Augenbaum Realty Corp. (@AugenbaumRealtyNY)
- Tenant Representative: Meyer Saff - Retail Zone
Josh Augenbaum from Augenbaum Realty Corp. represented the landlord, Michael Hirschorn, in the deal. Meyer Saff from Retail Zone served as the tenant's representative.
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