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2256 Nostrand Avenue

King Heartbeat Studio Leases Retail Space In Brooklyn For $40/ft
LEASEDRetail

King Heartbeat Studio Leases Retail Space In Brooklyn For $40/ft

2256 Nostrand Avenue

$40

$40/SF

Building Size

2,000 SF

Asset Type

Retail

Closing

Jun 20, 2024

AI

The retail property located at 2256 Nostrand Avenue in Brooklyn has been leased in a deal involving the Mayer Family as the landlord and King Heartbeat Studio as the tenant. The lease was facilitated by Jacob Stavsky of Stav Equities LLC, and Nathan Horne & Ehab Elshinawy of Compass. The lease agreement was for a Modified Gross Lease with an asking rent of $40 per square foot for a total area of 2,000 square feet.

Summary of transation details:

The lease transaction at 2256 Nostrand Avenue further highlights the role of the Mayer Family as the property owners and King Heartbeat Studio as the new tenant. Additionally, Jacob Stavsky from Stav Equities LLC and Nathan Horne along with Ehab Elshinawy from Compass played fundamental roles as the brokers in facilitating the lease agreement.

Players

Jacob Stavsky

Stav Equities LLC

Broker

$175.2M

vol

29 deals

Broker
Nathan Horne
Verified Badge

Nathan Horne

Compass

Broker

$211.7M

vol

27 deals

Broker

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

396575.00%

Cash-on-Cash

-113342.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93