The Learning Experience Leases Mixed-Use Space At 8904 Fifth Avenue In Bay Ridge, Brooklyn
8904 5th Avenue
Building Size
12,095 SF
Asset Type
Mixed-use
Closing
Aug 20, 2020
About this deal
AI
The mixed-use property located at 8904 Fifth Avenue in Bay Ridge, Brooklyn has been leased. The property has a total area of 12,095 square feet. The asking rent for this lease was $45 per square foot.
Summary of transaction details
- Property Type: Mixed-use
- Asking Rent: $45
- Square Footage: 12,095
- Tenant: The Learning Experience
- Landlord: Mike Marino
- Landlord's Representative: Ralph Hanan, Brett Weinblatt - @CompassCommercialNYC
- Tenant's Representative: Nick Vanella
Ralph Hanan and Brett Weinblatt from Compass Commercial NYC represented the landlord in this lease deal, while Nick Vanella served as the tenant's representative.
Note: For more information, please visit CompassCRENYC.com.
On the Map
Mixed-use
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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
352511.11%
Cash-on-Cash
-100748.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93