Convenience Store Leases Retail Space At 792 Flushing Avenue In New York City
792 Flushing Ave Brooklyn, NY 11206, USA
$60
$60/SF
Building Size
1,300 SF
Asset Type
Retail
Closing
May 12, 2023
AI
792 Flushing Avenue, a retail property located in New York City, was recently leased in a transaction facilitated by John Le Vine and Laura Polanco of EXR. The tenant, a convenience store, will occupy the space with a total square footage of 1,300. The lease was signed on 05/12/2023, and the landlord of the property is Shai Bernstein. The asking rent for the space was $60 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 792 Flushing Avenue, New York City
- Tenant: Convenience Store
- Brokers: John Le Vine & Laura Polanco - EXR
- Asking Rent: $60 per square foot
- Square Footage: 1,300
- Date: 05/12/2023
- Landlord: Shai Bernstein
John Le Vine and Laura Polanco from EXR represented the tenant, the convenience store, in this lease transaction.
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
264383.33%
Cash-on-Cash
-75561.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93