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3419 14th Avenue

Halal Deli & Grocery Leases Retail Space From Landlord Salvio Randazzo At 3419 14th Avenue
LEASEDRetail

Halal Deli & Grocery Leases Retail Space From Landlord Salvio Randazzo At 3419 14th Avenue

3419 14th Avenue

$78

$78/SF

Building Size

600 SF

Asset Type

Retail

Closing

Feb 27, 2025

AI

The transaction involves a retail asset located at 3419 14th Avenue in Brooklyn. The property has an asking rent of $78 per square foot, with a total square footage of 600. This lease is classified as a Single Net Lease.

Summary of transaction details:

Kevin Bisconti and Nathan Shabot represented Meridian Capital Group in this transaction, facilitating the lease agreement between the landlord and tenant. The involvement of these brokers highlights their role in completing this lease transaction.

Players

Kevin Bisconti

Meridian Capital Group

Broker

50 deals

Broker

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

203371.79%

Cash-on-Cash

-58124.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93