VaughnCo Leases Retail Space In Boerum Hill, Brooklyn For Modified Gross Lease
330 Atlantic Avenue
$75
$75/SF
Building Size
3,000 SF
Asset Type
Retail
Closing
Apr 1, 2024
AI
The retail property located at 330 Atlantic Avenue in Boerum Hill, Brooklyn, was leased to tenant VaughnCo in a Modified Gross Lease deal. The property spans 3,000 square feet with an asking rent of $75 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not Applicable
- Landlord: Phil Mendlow
- Tenant: VaughnCo
- Brokers: Jon Kamali, Jeremy Kamali & Justin Kamali - J3K Real Estate
- Address: 330 Atlantic Avenue
- Market: Boerum Hill, Brooklyn
- Lease Type: Modified Gross Lease
- Asking Rent: $75/ft
- SF: 3,000
The leasing transaction at 330 Atlantic Avenue was facilitated by Jon Kamali, Jeremy Kamali, and Justin Kamali from J3K Real Estate. For more information, visit www.J3K.com.
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
211506.67%
Cash-on-Cash
-60449.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93