New Century Royal Leases 2400 SF At 2567 Shell Rd Brooklyn Represented By Joseph Bouzaglou And Eddie Keda
2567 Shell Rd, Brooklyn, NY, 11223
$20
$20/SF
Building Size
2,400 SF
Asset Type
Retail
Closing
Nov 19, 2023
AI
The property involved in this transaction is located at 2567 Shell Rd, Brooklyn, NY, 11223. The market for this lease is Brooklyn, with a rent of $20 per square foot for a total of 2400 square feet.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not Available
- Address: 2567 Shell Rd, Brooklyn, NY, 11223
- Market: Brooklyn
- Tenant: New Century Royal
- Landlord: VINCENT J DENE REALTY
- Tenant's Representative: Joseph (Joey) Bouzaglou - Tri State Commercial Realty
- Landlord's Representative: Eddie Keda - Tri State Commercial Realty
This lease transaction features key individuals including tenant's representative Joseph (Joey) Bouzaglou, and landlord's representative Eddie Keda, both affiliated with Tri State Commercial Realty. These representatives facilitated the agreement between New Century Royal as the tenant and VINCENT J DENE REALTY as the landlord.
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
793150.00%
Cash-on-Cash
-226684.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93