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410 Nostrand Avenue

Little Flower Children & Family Services Of New York Leases Retail Space At 410 Nostrand Avenue In Bedford Stuyvesant
LEASEDRetail

Little Flower Children & Family Services Of New York Leases Retail Space At 410 Nostrand Avenue In Bedford Stuyvesant

410 Nostrand Avenue

$32

$32/SF

Building Size

3,320 SF

Asset Type

Retail

Closing

Oct 28, 2022

AI

The retail property located at 410 Nostrand Avenue in Bedford Stuyvesant has been leased. The transaction was completed on October 28, 2022. The property, measuring 3,320 square feet, was leased to Little Flower Children & Family Services of New York.

Summary of transaction details:

  • Property Type: Retail
  • Date: 10/28/2022
  • Address: 410 Nostrand Avenue
  • Market: Bedford Stuyvesant
  • Landlord: Urban View - Bobby Michaeli
  • Tenant: Little Flower Children & Family Services of New York
  • Brokers: Joseph DiPiazza, John Le Vine, David Quigua & Archibald Rowan - EXR
  • Asking Rent: $32.53/ft. (~SF: 3,320)

The deal was facilitated by brokers Joseph DiPiazza, John Le Vine, David Quigua, and Archibald Rowan of EXR. They represented the landlord, Urban View - Bobby Michaeli, in the transaction. Little Flower Children & Family Services of New York will occupy the retail space at 410 Nostrand Avenue.

Players

Joseph DiPiazza

EXR

Broker

$50.6M

vol

36 deals

Broker
UV
Urban ViewLandlord

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

495718.75%

Cash-on-Cash

-141677.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93