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
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