A2Z Happy Land Day Care Leases Retail Space At 2737 Ocean Avenue, Brooklyn
2737 Ocean Avenue, Brooklyn, New York 11229, United States
Building Size
7,000 SF
Asset Type
Retail
Closing
Oct 31, 2021
About this deal
AI
Located in Brooklyn, the retail property at 2737 Ocean Avenue has recently been leased. The tenant, A2Z Happy Land Day Care, will be occupying the space. The landlord for this transaction is Lawrence Rafalovich. The deal was facilitated by the broker Arsen Atbashyan from Commercial Acquisitions. The property offers approximately 7,000 square feet of space.
Summary of transation details
- Property Type: Retail
- Transaction Date: 11/01/2021
- Address: 2737 Ocean Avenue
- Market: Brooklyn
- Tenant: A2Z Happy Land Day Care
- Landlord: Lawrence Rafalovich
- Broker: Arsen Atbashyan - Commercial Acquisitions
- Asking Rent: $42/ft.
- Square Footage: 7,000
The involvement of Arsen Atbashyan from Commercial Acquisitions ensured the successful lease transaction of the retail property at 2737 Ocean Avenue in Brooklyn. The parties involved in the deal can now move forward with their respective goals and plans.
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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