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
About this deal
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:
- Property Type: Retail
- Transaction Amount: $78/ft
- Address: 3419 14th Avenue
- Market: Brooklyn
- Landlord: Salvio Randazzo
- Tenant: Halal Deli & Grocery
- Brokers: Kevin Bisconti & Nathan Shabot - Meridian Capital Group
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.
On the Map
$78
$78/SF
Retail
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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
203371.79%
Cash-on-Cash
-58124.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93