Diamond Braces Leases Retail Space In Brooklyn At 2475 Flatbush Avenue
2475 Flatbush Avenue, Brooklyn, NY 11234, USA
Building Size
2,500 SF
Asset Type
Retail
Closing
Sep 15, 2021
About this deal
AI
Located at 2475 Flatbush Avenue in Brooklyn, this retail property was recently leased. The landlord, Michael Cherny, successfully secured Diamond Braces as the tenant for this space. The deal was facilitated by Arsen Atbashyan and Denis Abayev from Commercial Acquisitions.
Summary of transaction details:
- Property Type: Retail
- Asking Rent: $75/ft.
- Square Footage: 2,500
- Market: Brooklyn
Arsen Atbashyan and Denis Abayev, representing Commercial Acquisitions, played a crucial role in finalizing this lease agreement between Michael Cherny and Diamond Braces for the retail space located at 2475 Flatbush Avenue in Brooklyn.
Players
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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