Electric Beets Leases Mixed-Use Space In Park Slope From Landlord Adam J Semler
158 7th Avenue
$90
Building Size
—
Asset Type
Mixed-use
Closing
Feb 1, 2023
AI
Located at 158 7th Avenue in Park Slope, this mixed-use property has recently been leased. The property features a total square footage of 1,000 and was leased by the tenant, Electric Beets, for a term of 5 years. The landlord for this transaction was Adam J Semler. The leasing deal was facilitated by Richard Silverman from Silver Line Realty Group.
Summary of transaction details:
- Property Type: Mixed-Use
- Asking Rent: $90/ft
- Square Footage: 1,000
- Lease Term: 5 Years
Richard Silverman from Silver Line Realty Group played a pivotal role as the broker representing the tenant, Electric Beets, in this leasing transaction.
Players
Market Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
176255.56%
Cash-on-Cash
-50374.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93