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3790 Nostrand Avenue

Halal Munchies Leases Retail Space At 3790 Nostrand Avenue In Brooklyn From East Coast Acquisitions
LEASEDRetail

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

Moshe Akiva

Momentum Realty Group

Broker

$3.3M

vol

24 deals

Broker
EA
East Coast AcquisitionsLandlord

Brooklyn Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

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