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455 Utica Avenue

Moshe & Peretz Mintz Lease 2,000 SF Retail Space To Holesomebagels In Brooklyn For 5 Years
LEASEDRetail

Moshe & Peretz Mintz Lease 2,000 SF Retail Space To Holesomebagels In Brooklyn For 5 Years

455 Utica Avenue

$52

$52/SF

Building Size

2,000 SF

Asset Type

Retail

Closing

Apr 29, 2025

AI

The retail property located at 455 Utica Avenue in Brooklyn has a total square footage of 2,000. The asking rent is set at $52 per square foot, within the confines of a modified gross lease agreement over a term of 5 years.

Summary of transaction details:

This transaction involved key individuals such as Moshe and Peretz Mintz acting as landlords and Fredy Bagdadi representing them through Tri State Commercial Realty. The tenant, Holesomebagels, will occupy the space under the stipulated lease terms.

Players

Fredy Bagdadi

Tri State Commercial Realty

Broker

8 deals

Broker

Brooklyn 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