Brewer's Row Leases Retail Space In Park Slope At 228 7th Ave
228 7th Avenue, Brooklyn, New York 11215, United States
Building Size
1,400 SF
Asset Type
Retail
Closing
Jan 31, 2022
AI
Located in Park Slope, Brooklyn, the retail property at 228 7th Ave. has recently been leased. The deal was facilitated by Ralph Safdie of Safdie Realty Group, who acted as the broker for the landlord, Chris Lee. The tenant, Brewer's Row, will occupy the 1,400 square feet space. The lease was secured at an asking rent of $75 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 228 7th Ave.
- Market: Park Slope
- Broker: Ralph Safdie - Safdie Realty Group
Ralph Safdie, from Safdie Realty Group, served as the representative for both the landlord, Chris Lee, and the tenant, Brewer's Row, in this lease transaction. The property's prime location in Park Slope makes it an attractive space for retailers looking to establish a presence in the area.
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