Tatter Blue Library Signs 20-Year Lease At 230 Ashland Place In New York City
230 Ashland Pl Brooklyn, NY 11217, USA
$75
$75/SF
Building Size
3,600 SF
Asset Type
Retail
Closing
May 1, 2023
AI
The retail property at 230 Ashland Place in New York City has recently been leased. The property, totaling 3,600 square feet, was leased by the tenant Tatter Blue Library. The landlord in this transaction is the Brooklyn Academy of Music. The lease term for this agreement is 20 years.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not applicable
- Asking Rent: $75 per square foot
- Square Footage: 3,600
- Address: 230 Ashland Place, New York City
- Market: New York City
The broker representing both parties in this lease agreement is Jeffrey Lopez from Lee & Associates.
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
211506.67%
Cash-on-Cash
-60449.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93