The Joint Chiropractic Leases Mixed-use Space In Prospect Heights, Brooklyn For $96/ft. Wolf Sicherman Is The Landlord
111-113 Prospect Place
$96
$96/SF
Building Size
1,000 SF
Asset Type
MultiFamily
Closing
Aug 1, 2023
AI
The mixed-use property located at 111-113 Prospect Place in Prospect Heights, Brooklyn, has been leased. The property, spanning approximately 1,000 square feet, was leased by The Joint Chiropractic. The landlord, Wolf Sicherman, was represented by Richard Silverman of Silverline Realty Group, while the tenant was represented by Marisa Simkin and Alex Turboff of Retail By Mona.
Summary of transation details
- Property Type: Mixed-Use
- Transaction Amount: N/A
- Address: 111-113 Prospect Place
- Market: Prospect Heights, Brooklyn
- Landlord: Wolf Sicherman
- Tenant: The Joint Chiropractic
- Landlord's Rep: Richard Silverman - Silverline Realty Group
- Tenant's Rep: Marisa Simkin & Alex Turboff - Retail By Mona
- Asking Rent: $96/ft
- SF: 1,000
The deal was facilitated with Richard Silverman representing the landlord, Wolf Sicherman. Marisa Simkin and Alex Turboff, from Retail By Mona, provided representation for the tenant, The Joint Chiropractic. The lease agreement for the mixed-use property was finalized at an asking rent of $96/ft for the 1,000 square feet space.
Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
165239.58%
Cash-on-Cash
-47225.98%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93