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155 5th Avenue, Park Slope,...

Kyuramen Leases Mixed-use Space At 155 5th Avenue In Park Slope, Brooklyn
LEASEDMixed-use

Kyuramen Leases Mixed-use Space At 155 5th Avenue In Park Slope, Brooklyn

155 5th Avenue, Park Slope, Brooklyn, NY, USA

Building Size

1,600 SF

Asset Type

Mixed-use

Closing

Jun 14, 2021

AI

A mixed-use asset located at 155 5th Avenue in Park Slope has been leased by KYURAMEN. The landlord for this property is Conway Capital. The tenant was represented by Blair Li and Jeff Geoghegan from Kassin Sabbagh Realty, while the landlord was represented by Elliot Beyda from BH Realty. The lease was signed on 06/15/2021.

Summary of transaction details:

  • Property Type: Mixed-use
  • Address: 155 5th Avenue
  • Market: Park Slope
  • Tenant: KYURAMEN
  • Landlord: Conway Capital
  • Tenant's Representative: Blair Li & Jeff Geoghegan - Kassin Sabbagh Realty
  • Landlord's Representative: Elliot Beyda - BH Realty
  • Asking Rent: $75/ft.
  • Square Footage: 1,600

Blair Li, Jeff Geoghegan, and Elliot Beyda played key roles in the leasing deal for the mixed-use property at 155 5th Avenue. Blair Li and Jeff Geoghegan represented KYURAMEN as tenant's representatives, while Elliot Beyda represented the landlord, Conway Capital. The deal was finalized on 06/15/2021.

Players

Jeff Geoghegan

Kassin Sabbagh Realty

Broker

27 deals

Broker
Conway Capital
Conway CapitalLandlord

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · 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