Convenience Store Leases Retail Space At 792 Flushing Avenue In New York City
792 Flushing Ave Brooklyn, NY 11206, USA
Building Size
1,300 SF
Asset Type
Retail
Closing
May 12, 2023
About this deal
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.
On the Map
Retail
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Players
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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