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PT Of The City Leases Mixed-Use Property In Sunset Park, Brooklyn

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LEASED
$75

New York

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Mixed-use2,000 SF
Leased 06/28/2024
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Property Image
LEASED

PT Of The City Leases Mixed-Use Property In Sunset Park, Brooklyn

5418 5th Avenue

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Mixed-use2,000 SF
Leased 06/28/2024
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Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$75
Total Square Footage:2,000 SF
Transaction Type:Lease

The mixed-use property located at 5418 5th Avenue in Sunset Park, Brooklyn has been leased. The landlord, Hantzipetros Family, has signed a Modified Gross Lease agreement with the tenant, PT Of The City. The lease encompasses a space spanning 2,000 square feet, with an asking rent of $75 per square foot.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: Not specified
  • Address: 5418 5th Avenue
  • Market: Sunset Park, Brooklyn
  • Landlord: Hantzipetros Family
  • Tenant: PT Of The City
  • Landlord's Rep: Meyer Dagmy & Isaac Bijou - MOD
  • Tenant's Rep: Dorel Melloul - KSR
  • Lease Type: Modified Gross Lease
  • Asking Rent: $75 per square foot
  • Space: 2,000 square feet

The transaction was facilitated with Meyer Dagmy & Isaac Bijou from MOD representing the landlord, while Dorel Melloul from KSR acted as the tenant's representative. This lease marks a significant agreement between the Hantzipetros Family and PT Of The City, shaping the future of this commercial space in Sunset Park, Brooklyn.

Players

Isaac Bijou
39 deals$1.4M volume(212) 468-5977
BROKER

Dorel Melloul
Kassin Sabbagh Realty
32 deals$4.8M volume
BROKER

Meyer Dagmy
MOD
88 deals$5.5M volume(718) 249-3613
BROKER

Details

LEASED
IMAGE: Dorel Melloul, Meyer Dagmy & Isaac Bijou DATE: 06/28/2024 ADDRESS: 5418 5th Avenue MARKET: Sunset Park, Brooklyn ASSET TYPE: Mixed-use LANDLORD: Hantzipetros Family TENANT: PT Of The City (@PT_City) LANDLORD'S REP: Meyer Dagmy & Isaac Bijou (@IsaacBijou) - MOD (@MOD_CRE) TENANT'S REP: Dorel Melloul (@JewAndTheCity) - KSR (@Kassin_Sabbagh_Realty) ASKING RENT: $75/ft ~ SF: 2,000 LEASE TYPE: Modified Gross Lease

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Deal Type
Effective Rent (Annual)

$171,958.19

Total Lease Value

$1,719,581.90

Net Landlord Cash Flow$171,958.19