DHair Boutique Leases Mixed-Use Space In Park Slope, Brooklyn
274 Flatbush Ave Brooklyn, NY 11217, USA
$175
$175/SF
Building Size
350 SF
Asset Type
Mixed-use
Closing
Jun 15, 2023
About this deal
AI
A mixed-use property located at 274 Flatbush Avenue in Park Slope, Brooklyn has been leased. The property is comprised of both residential and commercial spaces, making it a versatile asset in the neighborhood.
Summary of transaction details:
- Property Type: Mixed-Use
- Transaction Date: June 15, 2023
- Address: 274 Flatbush Avenue, Park Slope, Brooklyn
- Market: Park Slope, Brooklyn
- Landlord: Elgart Family
- Tenant: DHair Boutique
- Broker: Richard Silverman - Silver Line Realty Group
- Asking Rent: $175 per square foot
- Square Footage: 350
Renting the property attracted the attention of DHair Boutique, leading to an agreement between the landlord, Elgart Family, and the tenant. Richard Silverman from Silver Line Realty Group represented both parties in the deal, ensuring a smooth transaction for all involved.
On the Map
$175
$175/SF
Mixed-use
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Brooklyn 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
90645.71%
Cash-on-Cash
-25906.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93