Halal Munchies Leases Retail Space At 3790 Nostrand Avenue In Brooklyn From East Coast Acquisitions
3790 Nostrand Avenue, 3804 Nostrand Avenue, 3806 Nostrand Avenue, 3808 Nostrand Avenue, 3820 Nostrand Avenue, 3822 Nostrand Avenue, 3824 Nostrand Avenue, 3836 Nostrand Avenue, 3838 Nostrand Avenue & 3830 Nostrand Avenue
$50
$50/SF
Building Size
500 SF
Asset Type
Retail
Closing
Mar 1, 2025
AI
The property asset involved in the transaction is a retail space located at 3790 Nostrand Avenue in Brooklyn. The lease transaction was finalized at a rate of $50 per square foot for a total of 50 square feet of space.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: 50
- Tenant: Halal Munchies
- Landlord: East Coast Acquisitions
- Lease Date: 03/01/2025
Halal Munchies is the tenant in this lease agreement, while East Coast Acquisitions serves as the landlord. The lease is set to commence on March 1, 2025, representing a strategic move for both the tenant and landlord in the Brooklyn market.
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
317260.00%
Cash-on-Cash
-90673.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93