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
About this deal
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].
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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