Brooklyn Bazaar Leases Retail Space At 2555 Ocean Avenue In Sheepshead Bay
2555 Ocean Avenue
$60
$60/SF
Building Size
8,000 SF
Asset Type
Retail
Closing
Apr 15, 2024
AI
The retail property located at 2555 Ocean Avenue in Sheepshead Bay has been leased in a transaction involving tenant Brooklyn Bazaar and landlord Philips International. The lease type is a Retail Lease, with an asking rent of $60 per square foot for a space spanning 8,000 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not Applicable
- Tenant: Brooklyn Bazaar
- Landlord: Philips International
- Tenant's Representative: Freddy Souid, Jacky Yedid & Sholom Kanevsky - KSR
- Landlord's Representative: Eddie Keda - Tri State Commercial
- Address: 2555 Ocean Avenue
- Market: Sheepshead Bay
- Asking Rent: $60/ft
- SF: 8,000
Freddy Souid, Jacky Yedid, and Sholom Kanevsky of KSR represented Brooklyn Bazaar as the tenant's representatives in this retail lease deal. On the other side, Eddie Keda of Tri State Commercial acted as the landlord's representative in facilitating the transaction.
Players
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
264383.33%
Cash-on-Cash
-75561.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93