Chai Urgent Care Leases Retail Space At 715 Manhattan Avenue In Greenpoint
715 Manhattan Avenue, Brooklyn, New York 11222, United States
Building Size
2,500 SF
Asset Type
Retail
Closing
Feb 3, 2022
About this deal
AI
Chai Urgent Care has recently leased a retail space located at 715 Manhattan Avenue in the Greenpoint market of Brooklyn. The property, spanning 2,500 square feet, was leased for an asking rent of $65 per square foot. The lease transaction was completed within a timeframe of just over three months from listing to lease.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 715 Manhattan Avenue
- Market: Greenpoint
- Asking Rent: $65 per square foot
- Size: 2,500 square feet
The landlord of the property is David Abott and Lauren Abott. The tenant, Chai Urgent Care, was represented by Nicholas Kalomeris from Botsaris Morris Realty. On the other hand, the landlord was represented by Joseph DiPiazza, Stephen Forino, and John Le Vine from EXR. EXR is one of Brooklyn's top retail brokerages, having leased over 250,000 square feet in North Brooklyn in the past five years.
On the Map
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93