Fast Track Training & Learning Group Leases Retail Space In Bushwick For $36/ft
380 Grove Street
$36
$36/SF
Building Size
2,100 SF
Asset Type
Retail
Closing
May 8, 2024
AI
The retail property located at 380 Grove Street in Bushwick, Brooklyn, was involved in a lease transaction. The asset spans 2,100 square feet and was leased under a Modified Gross Lease agreement with an asking rent of $36 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Landlord: Allan Lebovitz
- Tenant: Fast Track Training & Learning Group
- Brokers: Maurice Amar - Tri State Commercial Realty & Hindy German - Tri State Commercial Realty LLC
The lease deal was facilitated by Maurice Amar and Hindy German from Tri State Commercial Realty LLC, representing the landlord and tenant, respectively.
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
440638.89%
Cash-on-Cash
-125935.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93