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
About this deal
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.
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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