Lidl Leases 25000 Square Feet At 120 5th Ave Brooklyn Represented By Ken Schuckman
120 5th Ave, Brooklyn, NY, 11217
Building Size
25,000 SF
Asset Type
Other
Closing
Aug 3, 2022
About this deal
AI
The property involved in this lease transaction is located at 120 5th Ave, Brooklyn, NY, 11217. This property encompasses 25,000 square feet and is situated in the Brooklyn market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 120 5th Ave, Brooklyn, NY, 11217
- Square Feet: 25,000
- Tenant: Lidl
- Landlord: Senlac Ridge Partners
- Tenant's Rep: Kenneth (Ken) Schuckman, Schuckman Realty
This lease transaction features Lidl as the tenant, securing space from the landlord, Senlac Ridge Partners. Kenneth (Ken) Schuckman of Schuckman Realty represents the tenant in this transaction.
On the Map
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Players
Brooklyn Other Market Snapshot
Boundary boundary · Other · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93