Delshah Capital Leases Retail Space To Cake Boi At 675 Nostrand Ave, Crown Heights, Brooklyn
675 Nostrand Ave., Crown Heights, Brooklyn, NY, USA
Building Size
400 SF
Asset Type
Retail
Closing
Apr 30, 2020
AI
The retail property located at 675 Nostrand Ave in Crown Heights, Brooklyn was leased by Cake Boi. The property was brokered by Arch Rowan and Joseph DiPiazza from @EXRNY. The landlord for the property is Delshah Capital. The lease was signed on 05/01/2020. The asking rent for the property was $75 per square foot for a total space of 400 square feet.
Summary of transaction details:
- Property Type: Retail
- Asking Rent: $75/ft
- Square Footage: 400 SF
- Date: 05/01/2020
- Address: 675 Nostrand Ave
- Tenant: Cake Boi
- Landlord: Delshah Capital
- Brokers: Arch Rowan, Joseph DiPiazza - @EXRNY
Contact @EXRNY for more information about this lease:
- Arch Rowan - Phone: (415) 717-8611, Email: [email protected]
- Joseph DiPiazza - Phone: (917) 789-3009, Email: [email protected]
Players
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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