Mitsuki Japanese Market Leases Retail Space In Greenpoint, Brooklyn At 703 Manhattan Ave
703 Manhattan Avenue, Brooklyn, New York 11222, United States
Building Size
2,000 SF
Asset Type
Retail
Closing
May 8, 2022
About this deal
AI
An approximately 2,000 square-foot retail space located at 703 Manhattan Ave. in Greenpoint, Brooklyn, has been leased. The lease transaction took place on May 9, 2022. The property, managed by landlord Spyros Avdoulos, was leased to Mitsuki Japanese Market. The market will now operate its business at this location.
Summary of transation details
- Property Type: Retail
- Transaction Date: May 9, 2022
- Address: 703 Manhattan Ave.
- Market: Greenpoint, Brooklyn
The lease deal was facilitated by Luca DiCiero and Faisal Gilani from NY Space Finders. They represented the tenant, Mitsuki Japanese Market, in securing the lease for the property.
Players
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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