Superior Realty Leases Retail Space To LC Vet Services At 284 Prospect Park West
284 Prospect Park West, Brooklyn, New York 11215, United States
Building Size
2 SF
Asset Type
Retail
Closing
Mar 1, 2023
About this deal
AI
The property asset involved in this transaction is located at 284 Prospect Park West in New York City. It is classified as a retail space with a square footage of 2,000. The asking rent for this location was set at $60 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $60/ft
- Address: 284 Prospect Park West
- Market: New York City
- Landlord: Superior Realty
- Tenant: LC Vet Services
- Tenant's Representative: Evan Gasman
- Landlord's Representative: Meyer Dagmy - MOD
Key individuals involved in the deal include Evan Gasman, representing LC Vet Services as the tenant's representative. Meyer Dagmy represented the landlord, Superior Realty, in this transaction. This lease agreement marks a significant development in the availability of retail space in the area.
Players
Market Retail Market Snapshot
Boundary boundary · Retail · All transaction types transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93