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519 Atlantic Avenue

Taaif Mehadi Leases Retail Space To Ruhani Cafe At 519 Atlantic Avenue In Brooklyn
LEASEDRetail

Taaif Mehadi Leases Retail Space To Ruhani Cafe At 519 Atlantic Avenue In Brooklyn

519 Atlantic Avenue

$107

$107/SF

Building Size

1,000 SF

Asset Type

Retail

Closing

Jan 15, 2025

AI

The property involved in the transaction is a retail asset located at 519 Atlantic Avenue, Brooklyn. It has a square footage of 1,000 and is under a modified gross lease agreement. The asking rent for the space is $107 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $107/ft
  • Lease Type: Modified Gross Lease
  • Landlord: Taaif Mehadi
  • Tenant: Ruhani Cafe
  • Landlord's Representative: Eddie Keda - Tri State Commercial Realty
  • Broker: Avi Saadia - Tri State Commercial Realty

The deal was facilitated by Eddie Keda, representing the landlord, and Avi Saadia serving as the broker. Both representatives are affiliated with Tri State Commercial Realty, indicating a cohesive brokerage involvement in this retail leasing transaction.

Players

Eddie Keda

Momentum Realty Group

Broker

25 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

148252.34%

Cash-on-Cash

-42370.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93