LEASEDWarehouse
Ron Godel Leases Warehouse At 694 Atkins Avenue Brooklyn To Nancy Foster For $23/ft
694 Atkins Avenue
$23
$23/SF
Building Size
6,500 SF
Asset Type
Warehouse
Closing
Oct 1, 2026
About this deal
AI
The asset involved is a warehouse located at 694 Atkins Avenue, Brooklyn. The property has an asking rent of $23 per square foot and encompasses a total of 6,500 square feet. The lease term is set for 5 years under a modified gross lease.
Summary of transaction details:
- Property Type: Warehouse
- Transaction Amount: $149,500
- Landlord: Ron Godel
- Tenant: Nancy Foster
- Lease Term: 5 Years
- Lease Type: Modified Gross Lease
- Brokers: Barak Sharabi, Jacques Wadler & Vincent Lopez - Knickerbocker Realty Group
U.C. Workroom Inc. has relocated to East New York, Brooklyn after spending 11 years in Far Rockaway, Queens. Barak Sharabi, Jacques Wadler, and Vincent Lopez of Knickerbocker Realty Group represented both the landlord and tenant in this lease transaction.
On the Map
$23
$23/SF
Warehouse
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Players
Brooklyn Warehouse Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
689695.65%
Cash-on-Cash
-197117.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93