MaLa Project Leases Retail Space In Brooklyn At 603 Manhattan Avenue
603 Manhattan Avenue, Brooklyn, New York 11222, United States
Building Size
2,325 SF
Asset Type
Retail
Closing
Mar 7, 2022
AI
MaLa Project has leased a retail space located at 603 Manhattan Avenue in Brooklyn. The property spans a total of 2,325 square feet. The lease transaction was brokered by Kevin West of Meridian Retail Leasing. The asking rent for the space was $72 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Date: 03/07/2022
- Property Address: 603 Manhattan Avenue
- Market: Brooklyn
- Tenant: MaLa Project
- Broker: Kevin West - Meridian Retail Leasing
- Asking Rent: $72 per square foot
- Total Square Footage: 2,325
Kevin West of Meridian Retail Leasing represented MaLa Project in securing the lease for this retail space in Brooklyn.
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