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
About this deal
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.
On the Map
$107
$107/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
148252.34%
Cash-on-Cash
-42370.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93