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8902 3rd Avenue

Tribeca Pediatrics Leases Retail Space From LoBuglio Family At 8902 3rd Avenue In Brooklyn
LEASEDRetail

Tribeca Pediatrics Leases Retail Space From LoBuglio Family At 8902 3rd Avenue In Brooklyn

8902 3rd Avenue

$65

$65/SF

Building Size

1,800 SF

Asset Type

Retail

Closing

Mar 27, 2025

AI

The property is located at 8902 3rd Avenue in Brooklyn, within the retail market. It has a rental rate of $65 per square foot and encompasses a total area of 1,800 square feet. The property is leased to Tribeca Pediatrics, with the LoBuglio Family serving as the landlord.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not disclosed
  • Tenant: Tribeca Pediatrics
  • Landlord: LoBuglio Family
  • Rent per Square Foot: $65
  • Total Square Feet: 1,800
  • Lease Date: 03/27/2025

The transaction represents the leasing arrangement between Tribeca Pediatrics and the LoBuglio Family, with no other representatives or brokers mentioned in the context of this deal.

Players

Josh Augenbaum

Augenbaum Realty

Broker

$655M

vol

144 deals

Broker

Brooklyn 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

244046.15%

Cash-on-Cash

-69749.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93