Woof Gang Signs Retail Lease At 217 7th Avenue, Park Slope
217 7th Avenue
$110
$110/SF
Building Size
1,200 SF
Asset Type
Retail
Closing
Mar 22, 2024
AI
The retail property located at 217 7th Avenue in Park Slope, Brooklyn, was leased out in a recent transaction. The asset spans 1,200 square feet and commanded an asking rent of $100 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Landlord: Brian Weck
- Tenant: Woof Gang
- Landlord's Representative: Ori Melloul & Dorel Melloul - KSR
- Tenant's Representative: Adam Agus - Booth Street
- Lease Type: Retail Lease
Ori Melloul & Dorel Melloul of KSR acted as the landlord's representatives in this lease deal, while Adam Agus from Booth Street represented the tenant, Woof Gang.
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
144209.09%
Cash-on-Cash
-41215.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93