ChampsSports Leases Retail Space In East New York, Brooklyn
409 Gateway Drive, East New York, Brooklyn, NY, USA
Building Size
6,006 SF
Asset Type
Retail
Closing
May 24, 2021
About this deal
AI
Located at 409 Gateway Drive in East New York, Brooklyn, this retail property has recently been leased. The property spans 6,006 square feet and was leased by @ChampsSports. The landlord for this transaction is the Related Companies, a prominent real estate firm.
Summary of transaction details
- Property Type: Retail
- Asking Rent: $85/ft.
- Square Footage: 6,006
- Tenant: @ChampsSports
- Tenant's Rep: Evan Schuckman - RIPCO Real Estate LLC
- Landlord: Related Companies
- Landlord's Rep: Brian Schuster - RIPCO Real Estate LLC
Evan Schuckman from RIPCO Real Estate LLC represented the tenant, @ChampsSports, in this lease deal. On the other hand, Brian Schuster, also from RIPCO Real Estate LLC, acted as the landlord's representative. The lease agreement was signed without any additional details available.
On the Map
Retail
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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