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
About this deal
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.
On the Map
$55
$55/SF
Retail
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Players
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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