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792 Flushing Ave Brooklyn, ...

Convenience Store Leases Retail Space At 792 Flushing Avenue In New York City
LEASEDRetail

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

John LeVine

EXR

Broker

$50.6M

vol

42 deals

Broker
CS
Convenience StoreTenant

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