Downtown Pain Physicians Signs Ground Lease For Retail Space In Park Slope, Brooklyn
LEASED
$75
+ 2
New York
See Similar DealsMixed-use3,200 SF
Leased 11/13/2023
LEASED
Downtown Pain Physicians Signs Ground Lease For Retail Space In Park Slope, Brooklyn
502 5th Avenue
See Similar DealsMixed-use3,200 SF
Leased 11/13/2023
+ 2
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$75
Total Square Footage:3,200 SF
Transaction Type:Lease
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.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$275,133.10
Total Lease Value
$2,751,331.03
Net Landlord Cash Flow$275,133.10
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