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475 5th Avenue

Coffee Shop Leases Mixed-Use Space At 475 5th Avenue In Park Slope With Brokers Michael Bijou & Jordan Steiner - BH Realty Group
LEASEDMixed-use

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

Jordan Steiner

Broker

$8.9M

vol

5 deals

Broker

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