Atomic Wings Signs Lease For Retail Space In Crown Heights, Brooklyn
438 Utica Ave Brooklyn, NY 11213, USA
$65
$65/SF
Building Size
1,500 SF
Asset Type
Retail
Closing
Jul 25, 2023
AI
The retail property located at 438 Utica Avenue in Crown Heights, Brooklyn has been leased. The property offers approximately 1,500 square feet of space. The lease was facilitated by brokers Steven Hakakian of Schuckman Realty and Josh Augenbaum of Augenbaum Realty. The landlord for the property is Eddie Mizrahi, and the tenant is Atomic Wings. The asking rent for the lease was $65 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Lease
- Address: 438 Utica Avenue, Crown Heights, Brooklyn
- Market: Crown Heights, Brooklyn
- Brokers: Steven Hakakian - Schuckman Realty & Josh Augenbaum - Augenbaum Realty
- Tenant: Atomic Wings
- Asking Rent: $65/ft
- Square Feet: 1,500
- Landlord: Eddie Mizrahi
Steven Hakakian from Schuckman Realty and Josh Augenbaum from Augenbaum Realty acted as the brokers in this lease transaction. Both brokers played vital roles in securing the deal between the landlord, Eddie Mizrahi, and the tenant, Atomic Wings.
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
244046.15%
Cash-on-Cash
-69749.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93