Cammeby's International Leases 11300 Square Feet At 532 Neptune Ave Brooklyn With Newmark And Winick Realty Group
532 Neptune Ave, Brooklyn, NY, 11224
Building Size
11,300 SF
Asset Type
Retail
Closing
Sep 30, 2016
AI
The property asset involved in the transaction is located at 532 Neptune Ave, Brooklyn, NY, 11224, with a total square footage of 11,300. The market for this transaction is Brooklyn, and the landlord is Cammeby's International.
Summary of transaction details:
- Property Type: LEASE
- Transaction Amount: Not specified
- Address: 532 Neptune Ave, Brooklyn, NY, 11224
- Square Feet: 11,300
- Landlord: Cammeby's International
- Landlord's Representatives: Darrell Rubens - Newmark, Jeff Winick - Winick Realty Group
The key individuals involved in the deal include Darrell Rubens and Jeff Winick, who are representing the landlord, Cammeby's International, during this transaction. Their roles support the negotiation and agreement processes as part of the lease arrangement.
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