Harlem Shake Leases Retail Space At 119 5th Avenue In Park Slope, Brooklyn
119 5th Avenue, Park Slope, Brooklyn, NY, USA
Building Size
2,500 SF
Asset Type
Retail
Closing
Jun 28, 2020
AI
Located at 119 5th Avenue in Park Slope, Brooklyn, this retail property was recently leased. The transaction took place on June 28, 2021, with an asking rent of $117 per square foot for a total space of 2,500 square feet.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Leased
- Address: 119 5th Avenue, Park Slope, Brooklyn
- Market: Park Slope, Brooklyn
The tenant in this lease transaction is Harlem Shake, a burger joint. The landlord of the property is Lincoln Oak Management. Harlem Shake was represented by David Yablon from Katz & Associates, as well as Sherry Naquin Sanchez and Spencer Bowman from RESOLUT RE.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · 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