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158 7th Avenue

Electric Beets Leases Mixed-Use Space In Park Slope From Landlord Adam J Semler
LEASEDMixed-use

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

Adam Selmer

Firebird Grove

Landlord

$51.2M

vol

11 deals

Landlord

Market 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

176255.56%

Cash-on-Cash

-50374.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93