facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Mixed Use

/

Lease

/

244 5th Avenue

Wolf Sicherman Leases Mixed-Use Property In Park Slope To The Nuts Factory
LEASEDMixed-use

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

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

Richard Babeck

Tri State Commercial Realty

Broker

$3.5M

vol

20 deals

Broker

Wolf Sicherman

Landlord

4 deals

Landlord
TN
The Nuts Factory NYCTenant

New York 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

180261.36%

Cash-on-Cash

-51519.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93