Frog Wine Bar Leases Retail Space At 358 Marcus Garvey Blvd In Stuyvesant Heights, Brooklyn
358 Marcus Garvey Blvd Brooklyn, NY 11221, USA
$70
$70/SF
Building Size
1,000 SF
Asset Type
Retail
Closing
Aug 28, 2023
About this deal
AI
The property involved in this lease transaction is a retail space located at 358 Marcus Garvey Boulevard in the Stuyvesant Heights neighborhood of Brooklyn. The asset spans approximately 1,000 square feet and is owned by Israeli Family Holdings.
Summary of transaction details
- Property Type: Retail
- Asking Rent: $70 per square foot
- Square Footage: 1,000
- Address: 358 Marcus Garvey Boulevard, Stuyvesant Heights, Brooklyn
- Landlord: Israeli Family Holdings
- Tenant: Frog Wine Bar - Charles Gerbier
- Broker: Joey Kafif - Safdie Realty Group
The lease deal was facilitated by Joey Kafif from Safdie Realty Group, who represented both the landlord, Israeli Family Holdings, and the tenant, Frog Wine Bar - Charles Gerbier. Safdie Realty Group specializes in assisting landlords and tenants in Brooklyn, Bronx, Manhattan, and Queens.
Players
Market 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
226614.29%
Cash-on-Cash
-64767.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93