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286 5th Avenue

Updated Oct 29, 2024

LHNY Tennis Leases Retail Space At 286 5th Avenue, New York City With BH Realty As The Broker
LEASEDRetail

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

Solly Spigel

Landlord

$19M

vol

3 deals

Landlord

Brooklyn Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Deal FAQ

About $60 per square foot on a published $60 for 3,000 square feet (2023).

Visit Solly Spigel to view all their deals.

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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

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