STUSH NYC Leases Retail Space In Brooklyn's Driggs Avenue
470 Driggs Ave, Brooklyn, NY 11211, USA
Building Size
5,000 SF
Asset Type
Retail
Closing
Aug 20, 2020
About this deal
AI
Located at 470 Driggs Avenue in Brooklyn, this retail property was recently leased to STUSH NYC. The property offers 5,000 square feet of space with an asking rent of $75 per square foot. The lease transaction was completed on August 21, 2020. The landlord, Kalmon Dolgin represented by Josh Dolgin, facilitated the deal.
Summary of transaction details
- Property Type: Retail
- Transaction Date: 08/21/2020
- Address: 470 Driggs Avenue, Brooklyn
- Asking Rent: $75 per square foot
- Tenant: STUSH NYC
- Landlord: Kalmon Dolgin represented by Josh Dolgin
Peter Schubert, Bill Strassman, and Abbie Cheng from TerraCRG served as the brokers for the transaction.
On the Map
Retail
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Players
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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