Fridge No More Leases Retail Space In Park Slope, Brooklyn For $65/ft
274 4th Ave, Brooklyn, NY 11215, USA
Building Size
2,500 SF
Asset Type
Retail
Closing
Aug 16, 2020
AI
The retail property located at 274 4th Avenue in Park Slope, Brooklyn, was recently leased. The property spans 2,500 square feet and was leased by Fridge No More. The landlord for this transaction is @AdamAmericaRE. The asking rent for the lease was $65 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: N/A
The lease deal was facilitated by the brokers from EXRNY, including Brendan Thrapp, Nate Mallon, David Dubinsky, and Ross Adams. For more information about this lease, interested parties can contact EXRNY directly:
- Brendan Thrapp
Phone: (201) 787-9679
Email: [email protected]
- David Dubinsky
Phone: (718) 308-7111
Email: [email protected]
- Nate Mallon
Phone: (860) 416-7288
Email: [email protected]
- Ross Adams
Phone: (609) 903-1413
Email: [email protected]
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