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
About this deal
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.
The mixed use lease at 305 Flatbush Avenue in New York, New York leased for $120 in 2023. The building is 1,000 square feet, implying about 120 per square foot on the published price. Richard Silverman, Wolf Sicherman, Silverline Realty Group appear on the lease alongside Silverline Realty Group. This page is the New York, New York file for the 305 Flatbush Avenue mixed use leased: pricing, party profiles, and other closed mixed use comps from the same New York sit in the Market section below. Filter that New York mixed use set by closing date to see what else leased near 305 Flatbush Avenue around 2023. Published consideration for 305 Flatbush Avenue is $120, dated 2023. Cite this Jets Pizza Leases Mixed-Use Space At 305 Flatbush Ave In Park Slope lease when underwriting similar mixed use product around New York, New York.
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