Downtown Pain Physicians Signs Ground Lease For Retail Space In Park Slope, Brooklyn | 502 5th Avenue | Raymond (Ray Balas) Balassiano, Michael Hymowitz, Ike Bibi, Solomon Tbeile | Mixed-use | Lease

Summary

Lease

NEW YORK

Mixed-use

3,200 sqft

The retail property located at 502 5th Avenue in Park Slope, Brooklyn has been leased. The property spans approximately 3,200 square feet and was leased as a ground lease.

Summary of transaction details

Property Type: Retail
Transaction Amount: Not available
Address: 502 5th Avenue, Park Slope, Brooklyn
Market: Park Slope, Brooklyn
Landlord: Ariel Akkad - HH Equities
Tenant: Downtown Pain Physicians
Asking Rent: $75/ft
Lease Type: Ground Lease

The landlord for this property is Ariel Akkad of HH Equities. The tenant is Downtown Pain Physicians. Representing the landlord in this lease transaction are Solomon Tbeile and Ike Bibi from Kassin Sabbagh Realty. Raymond Balassiano and Michael Hymowitz from LSL Advisors acted as the tenant's representatives.

Players

All
6

Agents
4
Agencies
2

Raymond (Ray Balas) Balassiano

Real Estate Associate

$274.3M Sold

Kassin Sabbagh Realty

LSL Advisors

Details

Deal Summary

LEASED

IMAGE: Solomon Tbeile, Ike Bibi, Raymond Balassiano & Michael Hymowitz DATE: 11/13/2023 ADDRESS: 502 5th Avenue MARKET: Park Slope, Brooklyn ASSET TYPE: Retail LANDLORD: Ariel Akkad - HH Equities TENANT: Downtown Pain Physicians LANDLORD'S REP: Solomon Tbeile (@Solomon____Tbeile) & Ike Bibi (@IkeB) - Kassin Sabbagh Realty (@Kassin_Sabbagh_Realty) TENANT'S REP: Raymond Balassiano (@NYCCommercialRealEstate) & Michael Hymowitz - LSL Advisors (@LSLAdvisors) ASKING RENT: $75/ft ~ SF: 3,200 LEASE TYPE: Ground Lease

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Address502 5th Avenue

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