Rick Platt Of Sky Zone Leases 52100 Square Feet In Bergen Beach From Turnbridge Equities
2350 East 69th Street
Building Size
52,100 SF
Asset Type
Industrial
Closing
Jun 19, 2025
AI
The asset involved in this lease transaction is an industrial property located at 2350 East 69th Street in Bergen Beach, Brooklyn. The property encompasses a total square footage of 52,100 square feet and is part of a group of eight New York-area industrial assets owned by Turnbridge Equities.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 2350 East 69th Street
- Market: Bergen Beach, Brooklyn
- Landlord: Andrew Joblon & Ryan Nelson - Turnbridge Equities
- Tenant: Rick Platt - Sky Zone
The lease marks Sky Zone's entry into Brooklyn with the opening of its first trampoline park this summer. Following this, additional openings are planned in the Bronx and Queens as the franchise aims to expand its presence in New York City.
Players
Brooklyn Industrial Market Snapshot
Boundary boundary · Industrial · Lease 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