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120 5th Ave, Brooklyn, NY, ...

CVS Pharmacy Signs Lease For 10000 Square Feet At 120 5th Ave Brooklyn With Senlac Ridge Partners
LEASEDRetail

CVS Pharmacy Signs Lease For 10000 Square Feet At 120 5th Ave Brooklyn With Senlac Ridge Partners

120 5th Ave, Brooklyn, NY, 11217

Building Size

10,000 SF

Asset Type

Retail

Closing

Aug 25, 2022

AI

The property asset involved in this transaction is located at 120 5th Ave, Brooklyn, NY, 11217. This lease involves an asset with a total square footage of 10,000. The market for this property is Brooklyn.

Summary of transation details:

  • Property Type: LEASE
  • Transaction Amount: Not specified
  • Address: 120 5th Ave, Brooklyn, NY, 11217
  • Square Feet: 10,000
  • Tenant: CVS Pharmacy
  • Landlord: Senlac Ridge Partners
  • Tenant's Representatives: Harrison Abramowitz - Newmark Grubb Knight Frank, Jason Pruger - Newmark

The deal includes key representatives from Newmark Grubb Knight Frank, with Harrison Abramowitz and Jason Pruger representing CVS Pharmacy in the lease transaction. Senlac Ridge Partners serves as the landlord in this agreement.

Players

Jason Pruger

Newmark

Broker

12 deals

Broker
SP
Senlac Ridge PartnersLandlord
CP
CVS PharmacyTenant

Brooklyn 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