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8904 5th Avenue

The Learning Experience Signs Lease For Mixed-Use Space In Bay Ridge, Brooklyn
FINANCEDMixed-use

The Learning Experience Signs Lease For Mixed-Use Space In Bay Ridge, Brooklyn

8904 5th Avenue

$11,800,000

$29/SF

Building Size

400,000 SF

Asset Type

Mixed-use

Closing

Feb 24, 2020

AI

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

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

James Murad

Ripco

Broker

$3B

vol

63 deals

Broker
The Learning Experience
The Learning ExperienceTenant

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.34%

Cash-on-Cash

-0.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93