LEASEDRetail
Getir Leases Retail Space In Bay Ridge Brooklyn
7825 3rd Avenue
$50
$50/SF
Building Size
3,800 SF
Asset Type
Retail
Closing
Apr 8, 2022
AI
The retail property located at 7825 3rd Ave in Bay Ridge has been leased. The deal was finalized on 04/08/2022.
Summary of transaction details
- Property Type: Retail
- Address: 7825 3rd Ave
- Market: Bay Ridge
- Tenant: Getir
- Tenant's Rep: Meyer Dagmy - MOD Commercial Realty
- Landlord: George Kabbez
- Landlord's Rep: Marc Sitt & Eli Yadid - KSR
- Asking Rent: $50 per square foot
- Square Footage: 3,800 SF
The retail property was leased by Getir, with Meyer Dagmy representing the tenant and Marc Sitt & Eli Yadid representing the landlord. The lease agreement includes an asking rent of $50 per square foot for a total of 3,800 square feet.
Players
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
317260.00%
Cash-on-Cash
-90673.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93