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532 Neptune Ave, Brooklyn, ...

Cammeby's International Leases 11300 Square Feet At 532 Neptune Ave Brooklyn With Newmark And Winick Realty Group
LEASEDRetail

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

Jeff Winick

RTL Real Estate

Broker

$2.2M

vol

10 deals

Broker
Cammeby’s International Group
Cammeby’s International GroupLandlord

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