Tee Time Leases 3,000 SF Office Space On 286 5th Avenue In Park Slope, Brooklyn
286 5th Avenue
$55
$55/SF
Building Size
3,000 SF
Asset Type
Retail
Closing
Nov 15, 2023
About this deal
AI
The office property located at 286 5th Avenue in Park Slope, Brooklyn has recently been leased. The transaction took place on November 15, 2023.
Summary of Transaction Details:
- Property Type: Office
- Address: 286 5th Avenue, Park Slope, Brooklyn
- Tenant: Tee Time
- Landlord: Solly Spigel
- Broker: Morris Tobias - BH Realty Group
- Asking Rent: $55/ft
- Lease Type: Double Net Lease
The tenant, Tee Time, has secured a double net lease for the 3,000 square feet office space. The lease agreement was facilitated by Morris Tobias of BH Realty Group, representing the tenant. Solly Spigel acted as the landlord in this transaction.
BH Realty Group, known for its expertise in both exclusive leasing and sales, prioritizes building strong relationships with clients. They also provide valuable advice to owners and developers on maximizing the growth potential of their assets. For any inquiries or assistance, brokers can contact BH Realty Group at [email protected].
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
288418.18%
Cash-on-Cash
-82430.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93