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2700 Church Avenue

Victoria Mutual Building Society Leases Retail Space At 2700 Church Avenue In Brooklyn
LEASEDRetail

Victoria Mutual Building Society Leases Retail Space At 2700 Church Avenue In Brooklyn

2700 Church Avenue

$90

$90/SF

Building Size

1,700 SF

Asset Type

Retail

Closing

Apr 17, 2025

AI

The property asset involved in this transaction is a retail space located at 2700 Church Avenue in Brooklyn. The landlord of the property is Triple C Builders, while the tenant is Victoria Mutual Building Society. The asking rent for this space is $90 per square foot for a total square footage of 1,700. The lease term is structured as a Modified Gross Lease with a duration of 10 years.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $90/ft
  • Square Footage: 1,700
  • Address: 2700 Church Avenue
  • Market: Brooklyn
  • Landlord: Triple C Builders
  • Tenant: Victoria Mutual Building Society
  • Broker: Moshe Akiva - Tri State Commercial Realty
  • Lease Term: 10 Years
  • Lease Type: Modified Gross Lease

The key individuals involved in this deal include Moshe Akiva, who represents the broker Tri State Commercial Realty. This transaction showcases the efforts of the brokerage in facilitating the agreement between the landlord and tenant within the specified terms.

Players

Moshe Akiva

Momentum Realty Group

Broker

$3.3M

vol

24 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

176255.56%

Cash-on-Cash

-50374.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93