Coffee Shop Leases Mixed-Use Space At 475 5th Avenue In Park Slope With Brokers Michael Bijou & Jordan Steiner - BH Realty Group
475 5th Avenue
$150
$150/SF
Building Size
200 SF
Asset Type
Mixed-use
Closing
Oct 31, 2022
AI
A mixed-use property located at 475 5th Avenue in Park Slope has been leased to a coffee shop. The lease transaction was facilitated by Michael Bijou and Jordan Steiner of BH Realty Group, who represented both the landlord and the tenant.
Summary of transaction details:
- Property Type: Mixed-Use
- Transaction Date: 10/31/2022
- Address: 475 5th Avenue, Park Slope
- Market: Park Slope
- Tenant: Coffee Shop
- Brokers: Michael Bijou & Jordan Steiner - BH Realty Group
- Asking Rent: $150/ft.
- Square Footage: 200
Michael Bijou and Jordan Steiner of BH Realty Group played a pivotal role in securing the lease agreement between the coffee shop and the property owner at 475 5th Avenue in Park Slope. The agreement was reached on October 31, 2022. BH Realty Group, a full-service leasing brokerage, is actively seeking more business opportunities in both landlord and tenant representation. For inquiries or to join The BH Team, please contact [email protected].
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
105753.33%
Cash-on-Cash
-30224.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93