A & H Tobacco Wholesale Inc Leases Retail Space At 4014 1st Avenue Brooklyn For $22/ft
4014 1st Avenue
$18
$18/SF
Building Size
7,395 SF
Asset Type
Retail
Closing
Nov 13, 2024
AI
The property involves a retail asset located at 4014 1st Avenue in Brooklyn. This space has a total area of 7,395 square feet and was leased under a Modified Gross Lease. The asking rent for this property is set at $22 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $22/ft
- Address: 4014 1st Avenue
- Market: Brooklyn
- Square Footage: 7,395
- Lease Type: Modified Gross Lease
- Landlord: Jeff Fein & Brad Blum - Industry City
- Tenant: A & H Tobacco Wholesale Inc
- Broker: Maurice Amar - Tri State Commercial Realty
This transaction includes key individuals such as Jeff Fein and Brad Blum, who represent the landlord, Industry City, while Maurice Amar from Tri State Commercial Realty acted on behalf of the landlord in this deal. The tenant entering into the lease is A & H Tobacco Wholesale Inc.
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
881277.78%
Cash-on-Cash
-251871.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93