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265 Metropolitan Avenue

David Freid Leases Retail Space At 265 Metropolitan Avenue To Poke Plus With Brokers Leo Beda Sherry Chera Joey Sakkal
LEASEDRetail

David Freid Leases Retail Space At 265 Metropolitan Avenue To Poke Plus With Brokers Leo Beda Sherry Chera Joey Sakkal

265 Metropolitan Avenue

$147

$147/SF

Building Size

900 SF

Asset Type

Retail

Closing

Aug 28, 2024

AI

The property involved in the transaction is a retail space located at 265 Metropolitan Avenue in the Williamsburg market. The asset has a square footage of 900 and is leased at an asking rent of $147 per square foot.

Summary of transaction details:

This deal was orchestrated by brokers Leo Beda, Sherry Chera, and Joey Sakkal, who represent Tri State Commercial Realty in facilitating the lease agreement between the landlord and the tenant.

Players

Sherry Chera

Tri State Commercial Realty

Broker

8 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

107911.56%

Cash-on-Cash

-30841.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93