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274 Flatbush Ave Brooklyn, ...

DHair Boutique Leases Mixed-Use Space In Park Slope, Brooklyn
LEASEDMixed-use

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

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.

Players

Richard Silverman

Silverline Realty Group

Broker

7 deals

Broker

Elgart Family

Landlord

2 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

90645.71%

Cash-on-Cash

-25906.82%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93