AirMed Pharmacy Leases Retail Space At 87 Graham Ave. In Williamsburg
87 Graham Avenue, Brooklyn, New York 11206, United States
Building Size
2,700 SF
Asset Type
Retail
Closing
Dec 31, 2021
AI
Located in Williamsburg, the retail property at 87 Graham Ave. has recently been leased. The transaction took place on January 1, 2022, and the tenant, AirMed Pharmacy, will be occupying the space. The landlord, Jason Kim, agreed to a lease agreement with an asking rent of $35 per square foot. The total area of the property is 2,700 square feet.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 87 Graham Ave.
- Market: Williamsburg
Ralph Safdie from Safdie Realty Group represented both the landlord, Jason Kim, and the tenant, AirMed Pharmacy, in this transaction. Safdie Realty Group acted as the broker for this lease deal.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93