Bashir Alsaedi Leases Retail Space To Vivala Pizza 86 At 86 Nassau Avenue Brooklyn
86 Nassau Avenue
$339
$339/SF
Building Size
530 SF
Asset Type
Retail
Closing
Dec 1, 2024
About this deal
AI
The retail property located at 86 Nassau Avenue in Brooklyn has a square footage of 530. The asking rent for the space is set at $339 per foot, and the lease type is a Modified Gross Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $339/ft
- Lease Type: Modified Gross Lease
- Address: 86 Nassau Avenue
- Market: Brooklyn
- Landlord: Bashir Alsaedi
- Tenant: Vivala Pizza 86
- Landlord's Representative: Freddy Souid, Albert Manopla & Jack Khaski - KSR
- Tenant's Representative: Noam Aziz & Joseph Khojahiny - Meridian Capital Group
The deal involved key representatives, with Freddy Souid, Albert Manopla, and Jack Khaski representing the landlord, while Noam Aziz and Joseph Khojahiny represented the tenant in the transaction.
On the Map
$339
$339/SF
Retail
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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
46793.51%
Cash-on-Cash
-13373.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93