facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Mixed Use

/

Lease

/

305 Flatbush Avenue, Brookl...

Jets Pizza Signs 10-Year Lease At 305 Flatbush Avenue, Park Slope
LEASEDMixed-use

Jets Pizza Signs 10-Year Lease At 305 Flatbush Avenue, Park Slope

305 Flatbush Avenue, Brooklyn, New York 11217, United States

$120

$120/SF

Building Size

1,000 SF

Asset Type

Mixed-use

Closing

Jan 1, 2023

AI

A mixed-use property located at 305 Flatbush Avenue in Park Slope has been leased. The lease was brokered by Richard Silverman from Silver Line Realty Group and the transaction was finalized on 01/01/2023. The landlord, Wolf Sicherman, entered into a 10-year lease agreement with Jets Pizza as the tenant. The asking rent for the 1,000 square feet space was $120 per square foot.

Summary of transaction details

  • Property Type: Mixed-Use
  • Transaction Amount: Not specified
  • Address: 305 Flatbush Avenue
  • Market: Park Slope

Richard Silverman from Silver Line Realty Group represented the landlord, Wolf Sicherman, in this lease transaction with Jets Pizza. The lease term is 10 years, providing a long-term agreement for the tenant.

Players

Richard Silverman

Silverline Realty Group

Broker

7 deals

Broker

Wolf Sicherman

Landlord

4 deals

Landlord
JP
Jets PizzaTenant

Brooklyn 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

132191.67%

Cash-on-Cash

-37780.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93