CE Montessori Leases Retail Space At 333 Bedford Avenue Brooklyn With Brokers Avi Akiva & Morris Mishan
333 Bedford Avenue
$80
$80/SF
Building Size
3,500 SF
Asset Type
Retail
Closing
Jan 29, 2025
AI
The retail asset located at 333 Bedford Avenue in Brooklyn features a total square footage of 3,500. The asking rent for this lease is $80 per square foot, reflecting the market dynamics of the area.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $80/ft
- Address: 333 Bedford Avenue
- Market: Brooklyn
- Lease Type: Retail Lease
- Landlord: Charles Schwartz & Joel Schwartz
- Tenant: CE Montessori
- Brokers: Avi Akiva & Morris Mishan - Tri State Commercial Realty
Avi Akiva and Morris Mishan, representing Tri State Commercial Realty, facilitated the leasing arrangement involving CE Montessori and the landlords, Charles Schwartz and Joel Schwartz, thus managing the transactional process for the respective parties.
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
198287.50%
Cash-on-Cash
-56671.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93