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875 Utica Avenue, Brooklyn,...

LevelUp MD Leases Retail Space At 875 Utica Avenue In Flatbush
LEASEDRetail

LevelUp MD Leases Retail Space At 875 Utica Avenue In Flatbush

875 Utica Avenue, Brooklyn, NY, USA

Building Size

2,500 SF

Asset Type

Retail

Closing

Feb 14, 2021

AI

The retail property located at 875 Utica Avenue in Flatbush was recently leased. The transaction took place on 02/15/2021 with LevelUp MD as the tenant and David Bawabeh as the landlord. The property is comprised of 2,500 square feet. The asking rent for the space was $80 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Date: 02/15/2021
  • Address: 875 Utica Avenue
  • Market: Flatbush
  • Tenant: LevelUp MD
  • Landlord: David Bawabeh

Dov Bleich & Avi Akiva from TriState Commercial were the brokers who represented LevelUp MD in the lease. They facilitated the deal and ensured favorable lease terms for the urgent care center. LevelUp MD aims to provide a convenient and relaxing urgent care experience to its patients, emphasizing overall well-being.

If you have or represent any space that is ideal for an urgent care facility with medical-friendly lease terms, please contact Dov Bleich at [email protected].

Players

Dov Bleich

Tri State Commercial Realty

Broker

$12.4M

vol

24 deals

Broker

David Bawabeh

Landlord

$3M

vol

2 deals

Landlord
LM
LevelUp MDTenant

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