The Learning Experience Signs Lease For Mixed-Use Space In Bay Ridge, Brooklyn
FINANCED
$11,800,000
+ 2
New York
See Similar DealsMixed-use400,000 SF
Financed 02/24/2020
FINANCED
The Learning Experience Signs Lease For Mixed-Use Space In Bay Ridge, Brooklyn
8904 5th Avenue
See Similar DealsMixed-use400,000 SF
Financed 02/24/2020
+ 2
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$29
Total Square Footage:400,000 SF
Transaction Type:Loan
Located at 8904 Fifth Avenue in Bay Ridge, Brooklyn, this mixed-use property has recently been leased. The property spans a total of 12,095 square feet. The asking rent for this space 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 Rep: Ralph Hanan, Brett Weinblatt - @CompassCommercialNYC
- Tenant's Rep: Nick Vanella
Ralph Hanan and Brett Weinblatt from Compass Commercial NYC represented the landlord, Mike Marino, in this lease transaction. For more information, you can visit CompassCRENYC.com.
Players
TENANT
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$11,800,000.00
Monthly NOI$78,666.67
Monthly Debt Service$74,584.03
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions