LHNY Tennis Leases Retail Space At 286 5th Avenue, New York City With BH Realty As The Broker
286 5th Avenue
$60
$60/SF
Building Size
3,000 SF
Asset Type
Retail
Closing
Jul 3, 2023
About this deal
AI
The retail property located at 286 5th Avenue in New York City has been leased. The property spans over 3,000 square feet and was leased by LHNY TENNIS. The landlord for this transaction is Solly Spigel from SJ Realty Management. The deal was facilitated by BH Realty, a full-service residential and commercial brokerage agency.
Summary of transaction details
- Property Type: Retail
- Asking Rent: $60 per square foot
- Square Footage: 3,000
- Date: 07/03/2023
- Address: 286 5th Avenue, New York City
- Tenant: LHNY TENNIS
- Landlord: Solly Spigel - SJ Realty Management
- Broker: BH Realty
BH Realty continues to excel in the real estate industry by prioritizing their relationships with clients and offering expert advice to property owners and developers. They specialize in exclusive leasing and sales, making them a valuable asset for anyone looking to maximize the growth potential of their assets.
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
264383.33%
Cash-on-Cash
-75561.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93