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
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
132191.67%
Cash-on-Cash
-37780.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93