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715 Manhattan Avenue, Brook...

Chai Urgent Care Leases Retail Space At 715 Manhattan Avenue In Greenpoint
LEASEDRetail

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

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.

Players

Joseph DiPiazza

EXR

Broker

$50.6M

vol

36 deals

Broker
CC
Chai Urgent CareTenant

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