Aloe Fruit Market Leases Retail Space In Brooklyn For $60/ft
500 Dekalb Ave, Brooklyn, NY, USA
Building Size
12,000 SF
Asset Type
Retail
Closing
Nov 30, 2020
AI
In a recent lease transaction in Brooklyn, a retail space located at 500 Dekalb Ave was rented out. The lease was finalized on 12/01/2020.
Summary of transaction details
- Property Type: Retail
- Address: 500 Dekalb Ave
- Market: Brooklyn
The tenant who secured the lease for this space is Aloe Fruit Market. The landlord for this property is Joseph Heiman. The lease deal was facilitated by brokers @Avi_Akiva, @DovBleich, and @Shlomib_TSCR of @TriStateCommercial.
The asking rent for the 12,000 square foot space was $60 per square foot.
Players
New York 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