Wolf Sicherman Leases Mixed-Use Property In Park Slope To The Nuts Factory
244 5th Avenue
$88
$88/SF
Building Size
1,230 SF
Asset Type
Mixed-use
Closing
Nov 1, 2022
About this deal
AI
A mixed-use property located at 244 5th Avenue in Park Slope has been leased. The property, with a total square footage of 1,230, was leased to the tenant, The Nuts Factory. The lease transaction was facilitated by Richard Silverman from Wolf Sicherman acting as the landlord's representative, and Richard Babeck representing the tenant. The asking rent for the property was $88 per square foot.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: Lease
- Date: 11/01/2022
- Address: 244 5th Avenue
- Market: Park Slope
The Nuts Factory, a tenant, secured the lease for the mixed-use property at 244 5th Avenue in Park Slope. Richard Silverman from Wolf Sicherman acted as the landlord's representative, and Richard Babeck represented the tenant in the transaction.
Players
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
180261.36%
Cash-on-Cash
-51519.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93