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2927-51 Avenue U, Brooklyn,...

IHOP Leases Retail Space In Sheepshead Bay For $43/ft. With Allie Beyda As The Broker
LEASEDRetail

IHOP Leases Retail Space In Sheepshead Bay For $43/ft. With Allie Beyda As The Broker

2927-51 Avenue U, Brooklyn, NY, USA

Building Size

5,000 SF

Asset Type

Retail

Closing

Aug 17, 2021

AI

The retail property located at 2927-51 Avenue U in Sheepshead Bay has been leased. The transaction took place on 08/18/2021. The asset spans a total of 5,000 square feet, and the asking rent for the space was $43 per square foot.

Summary of transation details

  • Property Type: Retail
  • Date: 08/18/2021
  • Address: 2927-51 Avenue U, Sheepshead Bay
  • Market: Sheepshead Bay
  • Tenant: IHOP (International House of Pancakes)
  • Sub-Landlord: Ideal Marketplace
  • Landlord: A&H Acquisitions - Alex Adjmi
  • Broker: Allie Beyda - Metropolitan Skyline Realty

Allie Beyda from Metropolitan Skyline Realty represented the tenant, IHOP, in this lease transaction with Ideal Marketplace. The landlord, A&H Acquisitions, was represented by Alex Adjmi. Metropolitan Skyline Realty is currently seeking sites in Brooklyn for IHOP, with a preference for locations that offer parking. For potential site suggestions, interested parties can contact Allie via email at [email protected] or by phone at 718-614-8452.

Players

Allie Beyda

BH Realty

Broker

$4.8M

vol

16 deals

Broker
A & H Acquisitions
A & H AcquisitionsLandlord

Brooklyn Retail Market Snapshot

Boundary boundary ยท Retail ยท 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