Yoseph Gultman Leases Retail Space To Bakil Aldaphri In Williamsburg For $80/ft
322 Union Avenue
Building Size
1,200 SF
Asset Type
Retail
Closing
May 9, 2024
About this deal
AI
Located at 322 Union Avenue in Williamsburg, Brooklyn, this retail property was leased in a deal involving a double net lease over a term of 10+5 years. The asset spans 1,200 square feet with an asking rent of $80 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Landlord: Yoseph Gultman
- Tenant: Bakil Aldaphri
- Broker: Frederick Betesh - Tri State Commercial Realty
Frederick Betesh of Tri State Commercial Realty served as the landlord's representative in this co-brokerage deal. For those interested in engaging in real estate transactions, Frederick Betesh can be contacted at [email protected] for further assistance.
On the Map
Retail
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
198287.50%
Cash-on-Cash
-56671.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93