Jets Pizza Leases Mixed-Use Space At 305 Flatbush Ave In Park Slope
305 Flatbush Avenue
$120
$120/SF
Building Size
1,000 SF
Asset Type
Mixed-use
Closing
Jan 1, 2023
AI
The mixed-use property located at 305 Flatbush Avenue in Park Slope has been leased. The landlord, Wolf Sicherman, has entered into a lease agreement with Jets Pizza. The lease term is set for 10 years. The asking rent for the 1,000 square foot space is $120 per square foot.
Summary of transaction details:
- Property Type: Mixed-Use
- Transaction Amount: Lease
Richard Silverman from Silver Line Realty Group represented Wolf Sicherman, the landlord, in this lease deal.
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
132191.67%
Cash-on-Cash
-37780.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93