facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Retail

/

Lease

/

495 Flatbush Avenue, Little...

The Workshop Middle School Leases Retail Space At 495 Flatbush Avenue In Prospect Lefferts Gardens
LEASEDRetail

The Workshop Middle School Leases Retail Space At 495 Flatbush Avenue In Prospect Lefferts Gardens

495 Flatbush Avenue, Little Caribbean, Brooklyn, NY, USA

Building Size

10,000 SF

Asset Type

Retail

Closing

Jun 1, 2020

AI

The Workshop Middle School, a retail space located at 495 Flatbush Avenue in Prospect Lefferts Gardens, has been leased to Albert Srour. The lease was facilitated by Aric Trakhtenberg from Newmark, representing the school, and Chandler Slate and Avi Akiva from Tri State Commercial, representing the landlord.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Lease
  • Date: 06/01/2021
  • Address: 495 Flatbush Avenue
  • Market: Prospect Lefferts Gardens

The Workshop Middle School, a reputable educational institution, has secured a lease for this retail space. The exact terms, including the lease duration and any special conditions, were not provided in the available information.

Players

Aric Trakhtenberg

Newmark

Broker

$8.3M

vol

51 deals

Broker

Albert Srour

Landlord

$107.3M

vol

8 deals

Landlord

Brooklyn Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

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