LEASEDRetail
Cooklyn Eats Leases Retail Space At 429 New Lots Avenue In East New York, Brooklyn
429 New Lots Avenue
$52
$52/SF
Building Size
1,200 SF
Asset Type
Retail
Closing
Nov 1, 2023
AI
The retail property located at 429 New Lots Avenue in East New York, Brooklyn has been leased. The asset spans 1,200 square feet and was leased by Cooklyn Eats.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not available
- Address: 429 New Lots Avenue
- Market: East New York, Brooklyn
- Landlord: Avi Borukhov
- Tenant: Cooklyn Eats
- Brokers: David Sabbagh & Albert Salameh - KSR
- Asking Rent: $52/ft
The lease transaction was facilitated by brokers David Sabbagh and Albert Salameh of KSR.
Players
Market 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
305057.69%
Cash-on-Cash
-87186.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93