LEASEDRetail
Walgreens Leases 8300 Square Feet At 604 Pacific St Brooklyn From CREIF 212
604 Pacific St, Brooklyn, NY, 11217
Building Size
8,300 SF
Asset Type
Retail
Closing
Jul 8, 2021
AI
The property involved in this transaction is located at 604 Pacific St, Brooklyn, NY, 11217. It is an 8,300 square foot commercial lease situated in the Brooklyn market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 604 Pacific St, Brooklyn, NY, 11217
- Square Feet: 8300
- Landlord: CREIF 212
- Tenant: Walgreens
- Landlord's Representative: Kenneth (Ken) Schuckman (Schuckman Realty)
This transaction highlights the involvement of Kenneth (Ken) Schuckman, representing the landlord CREIF 212 through Schuckman Realty in securing Walgreens as the tenant for the property.
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