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
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