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
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93