LEASEDRetail
Singa's Pizza And Cricket Wireless Lease Retail Space In Bushwick
409 Knickerbocker Avenue, Bushwick, Brooklyn, NY 11237, USA
Building Size
1,120 SF
Asset Type
Retail
Closing
Aug 29, 2021
AI
The retail property located at 409 Knickerbocker Avenue in Bushwick has recently been leased. The transaction took place on 08/29/2021.
Summary of transaction details:
- Property Type: Retail
- Tenant: Singa's Pizza 🍕 & Cricket Wireless 📱
- Landlord: Sean Sedaghatpour
- Brokers: Michelle Abramov & Joe Mastov - Asset Commercial Realty Group (AssetCRG)
- Asking Rent: $80/ft. ~ SF: 1,120
Michelle Abramov and Joe Mastov from Asset Commercial Realty Group (AssetCRG) represented the landlord, Sean Sedaghatpour, in the leasing deal.
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