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
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