Jag One Physical Therapy Signs Lease For Retail Space In Prospect Lefferts Gardens, Brooklyn
782 New York Avenue, Brooklyn, NY, USA
Building Size
2,815 SF
Asset Type
Retail
Closing
Sep 1, 2021
About this deal
AI
The retail property located at 782 New York Avenue in Prospect Lefferts Gardens has been leased. The lease was finalized on 09/01/2021. The property, spanning 2,815 square feet, was leased by Jag One Physical Therapy. The asking rent for the property was $40 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 782 New York Avenue
- Market: Prospect Lefferts Gardens
- Tenant: Jag One Physical Therapy
- Asking Rent: $40/ft.
- Square Footage: 2,815 sq ft
The lease agreement was facilitated by William Grover ewmark, the tenant's representative. The landlord, Residential Development Group represented by Kamran Neman and Joseph Azizian, worked with Ben Biberaj, Elliot Wygoda, and James Famularo from Meridian Retail Leasing as their representatives.
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