Malorie Currier Represents Tenant In 6860 SF Brooklyn Retail Lease Deal
340 4th Ave, Brooklyn, NY, 11215
Building Size
6,860 SF
Asset Type
Retail
Closing
Feb 26, 2022
About this deal
AI
The retail property located at 340 4th Ave, Brooklyn, NY, 11215, in Brooklyn, spanning 6,860 square feet, was recently leased on 02/26/2022. The landlord, BPY Capital, completed the transaction with Malorie Currier from Page1Properties representing the tenant.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: Not Applicable
- Address: 340 4th Ave, Brooklyn, NY, 11215
- Market: Brooklyn
- Tenant's Rep: Malorie Currier(Page1Properties)
- Landlord: BPY Capital
- Square Feet: 6860
The leasing deal for the retail property was successfully facilitated with Malorie Currier as the tenant's representative, working closely with BPY Capital. This leasing agreement showcases a mutually beneficial transaction between the landlord and the tenant, ensuring the efficient use of the 6,860 square feet retail space in Brooklyn.
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