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86 Nassau Avenue

Bashir Alsaedi Leases Retail Space To Vivala Pizza 86 At 86 Nassau Avenue Brooklyn
LEASEDRetail

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

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:

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.

Players

Albert Manopla

Kassin Sabbagh Realty

Broker

$4.3M

vol

87 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

46793.51%

Cash-on-Cash

-13373.73%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93