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410 Tompkins Avenue, Brookl...

Associated Supermarket Group LLC Leases Retail Space In Bedford–Stuyvesant
LEASEDRetail

Associated Supermarket Group LLC Leases Retail Space In Bedford–Stuyvesant

410 Tompkins Avenue, Brooklyn, New York 11216, United States

Building Size

6,200 SF

Asset Type

Retail

Closing

Nov 24, 2021

AI

The retail property located at 410 Tompkins Ave. in Bedford–Stuyvesant, was recently leased in a closed transaction. The property spans 6,200 square feet and was leased by the tenant, Associated Supermarket Group LLC. The lease was arranged by Brian Doyle from Booth Capital Advisors, who represented the tenant in the deal. The landlord of the property is Shloime Gross.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Date: 11/24/2021
  • Address: 410 Tompkins Ave.
  • Market: Bedford–Stuyvesant
  • Tenant: Associated Supermarket Group LLC
  • Tenant's Representative: Brian Doyle - Booth Capital Advisors
  • Asking Rent: $42/ft.
  • Square Footage: 6,200

In this transaction, Shloime Gross acted as the landlord while Brian Doyle from Booth Capital Advisors represented the tenant, Associated Supermarket Group LLC.

Players

Brian Doyle

Booth Street

Broker

9 deals

Broker

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