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7825 3rd Avenue

Bay Ridge Urgent Care Leases Retail Space At 7825 3rd Ave. In Bay Ridge - Marc Sitt, Eli Yadid & Dorel Melloul Represented By KSR
LEASEDRetail

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

Marc Sitt

Kassin Sabbagh Realty

Broker

$276M

vol

69 deals

Broker

George Kabbez

Landlord

2 deals

Landlord

Brooklyn Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

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