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554 Dekalb Ave Brooklyn, NY...

Organic Fresh Deli Leases Retail Space At 554 Dekalb Avenue In New York City
LEASEDRetail

Organic Fresh Deli Leases Retail Space At 554 Dekalb Avenue In New York City

554 Dekalb Ave Brooklyn, NY 11205, USA

$55

$55/SF

Building Size

1,040 SF

Asset Type

Retail

Closing

Jul 11, 2023

AI

The retail property located at 554 Dekalb Avenue in New York City has been leased to Organic Fresh Deli. The lease term is for 10 years, with an asking rent of $55 per square foot. The total square footage of the space is 1,040 square feet.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Lease agreement
  • Tenant: Organic Fresh Deli
  • Brokers: John Le Vine & David Quigua - EXR
  • Asking Rent: $55/ft
  • Square Footage: 1,040
  • Lease Term: 10 years

The lease transaction was facilitated by John Le Vine and David Quigua from EXR, who represented both the tenant, Organic Fresh Deli, and the landlord. They worked together to secure the 10-year lease agreement with an asking rent of $55 per square foot.

Players

David Quigua

EXR

Broker

$3.6M

vol

14 deals

Broker

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

288418.18%

Cash-on-Cash

-82430.80%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93