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766 Lafayette Avenue

A&P Brokerage Services Leases Retail Space At 766 Lafayette Ave. In Bedford-Stuyvesant With Landlord REDA Holdings
LEASEDRetail

A&P Brokerage Services Leases Retail Space At 766 Lafayette Ave. In Bedford-Stuyvesant With Landlord REDA Holdings

766 Lafayette Avenue

$75

$75/SF

Building Size

1,250 SF

Asset Type

Retail

Closing

Sep 1, 2022

AI

The retail property located at 766 Lafayette Ave. in Bedford-Stuyvesant, New York, was recently leased. The lease transaction was facilitated by Jeremy Kamali of J3K Real Estate. The property is owned by REDA Holdings, represented by Sivan Aharon. The tenant, A&P Brokerage Services, will be occupying a space of approximately 1,250 square feet. The asking rent for the lease was $75 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Date: 09/01/2022
  • Address: 766 Lafayette Ave., Bedford-Stuyvesant, New York
  • Market: Bedford-Stuyvesant
  • Landlord: REDA Holdings - Sivan Aharon
  • Tenant: A&P Brokerage Services
  • Broker: Jeremy Kamali - J3K Real Estate
  • Asking Rent: $75/ft.
  • SF: 1,250

Jeremy Kamali, a representative from J3K Real Estate, successfully assisted in finalizing the lease transaction between the landlord, REDA Holdings, and the tenant, A&P Brokerage Services. J3K Real Estate specializes in representing owners and working with tenants seeking commercial space in the outer boroughs of New York. For more information, visit their website at www.J3K.com.

Players

Jeremy Kamali

J3K Real Estate

Broker

$9.5M

vol

24 deals

Broker
RH
REDA HoldingsLandlord

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

211506.67%

Cash-on-Cash

-60449.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93