Bay Ridge Urgent Care Leases Retail Space At 7825 3rd Ave. In Bay Ridge - Marc Sitt, Eli Yadid & Dorel Melloul Represented By KSR
7825 3rd Avenue
$55
$55/SF
Building Size
3,781 SF
Asset Type
Retail
Closing
May 13, 2022
AI
A retail property located at 7825 3rd Ave in Bay Ridge has been leased. The transaction took place on May 13, 2022. The property spans 5,300 square feet and has an asking rent of $55 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 7825 3rd Ave
- Market: Bay Ridge
- Asking Rent: $55 per square foot
George Kabbez is the landlord of the property, while Bay Ridge Urgent Care serves as the tenant. The lease was facilitated by Marc Sitt, Eli Yadid, and Dorel Melloul, who are representatives from KSR.
Players
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
288418.18%
Cash-on-Cash
-82430.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93