State Farm Leases Retail Space At 3703 Nostrand Avenue, Sheepshead Bay, Brooklyn
3703 Nostrand Ave, Brooklyn, NY 11235, Estados Unidos
Building Size
1,014 SF
Asset Type
Retail
Closing
Oct 6, 2020
AI
3703 Nostrand Avenue in Sheepshead Bay, Brooklyn has recently been leased. The retail property was leased by State Farm, with Solil Management's Jane Goldman serving as the landlord. The deal was facilitated by Maxim Raevschi from Habendum Real Estate.
Summary of transaction details:
- Property Type: Retail
- Asking Rent: $54 per square foot
- Square Footage: 1,014
- Date: 10/07/2020
- Tenant: State Farm
- Landlord: Solil Mgmt - Jane Goldman
- Broker: Maxim Raevschi - HabendumRE
If you'd like more information about this lease, you can contact Habendum Real Estate at 917-261-6561 or reach out to Maxim Raevschi directly at 347-659-7035. Habendum specializes in commercial leasing and sales, representing landlords and tenants throughout the five boroughs.
Players
New York 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