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3703 Nostrand Ave, Brooklyn...

State Farm Leases Retail Space At 3703 Nostrand Avenue, Sheepshead Bay, Brooklyn
LEASEDRetail

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

Maxim Raevschi

Habendum Real Estate

Broker

8 deals

Broker
SF
State FarmLender
Jane Goldman

Jane Goldman

Solil Management

Landlord

$45.7M

vol

6 deals

Landlord
SF
State FarmTenant

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