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2927 Avenue U, Sheepshead B...

Ideal Marketplace Signs Lease For Retail Space At 2927-2951 Avenue U In Sheepshead Bay, Brooklyn
LEASEDRetail

Ideal Marketplace Signs Lease For Retail Space At 2927-2951 Avenue U In Sheepshead Bay, Brooklyn

2927 Avenue U, Sheepshead Bay, Brooklyn, NY, USA

Building Size

20,000 SF

Asset Type

Retail

Closing

Mar 21, 2021

AI

The property asset involved in this transaction is a retail space located at 2927-2951 Avenue U in Sheepshead Bay, Brooklyn. The leasing deal was executed for an asking rent of $43 per square foot across a total of 20,000 square feet.

Summary of transation details:

  • Property Type: Retail
  • Transaction Amount: $43/ft.
  • Address: 2927-2951 Avenue U
  • Market: Sheepshead Bay, Brooklyn
  • Tenant: Ideal Marketplace
  • Landlord: A&H Acquisitions - Alex Adjmi
  • Tenant's Representative: @AllieBeyda - Metropolitan Skyline Realty
  • Landlord's Representatives: Jason Pennington & Esther Bukai - Ripco
  • Square Footage: 20,000

This leasing transaction highlights the involvement of A&H Acquisitions represented by Alex Adjmi as the landlord. The tenant, Ideal Marketplace, was represented by @AllieBeyda from Metropolitan Skyline Realty, while the landlord’s interests were represented by Jason Pennington and Esther Bukai from Ripco.

Players

Allie Beyda

BH Realty

Broker

$4.8M

vol

16 deals

Broker
Alex Adjmi

Alex Adjmi

A & H Acquisitions

Landlord

$100.6M

vol

19 deals

Landlord
IM
Ideal MarketplaceTenant

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93