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
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