Mikasa Sushi Leases Retail Space At 293 7th Avenue In Park Slope-Brooklyn
293 7th Avenue
$120
$120/SF
Building Size
1,200 SF
Asset Type
Retail
Closing
May 20, 2024
AI
The retail property located at 293 7th Avenue in Park Slope, Brooklyn, was leased to Mikasa Sushi. The lease type was a Retail Lease, with an asking rent of $120 per square foot for a total space of 1,200 square feet.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: Not specified
- Landlord: Larry Lee
- Tenant: Mikasa Sushi
- Brokers: Dorel Melloul & Ori Melloul - KSR
- Address: 293 7th Avenue, Park Slope, Brooklyn
- Market: Park Slope, Brooklyn
- Asset Type: Retail
- Asking Rent: $120/ft
- SF: 1,200
- Lease Type: Retail Lease
The deal was facilitated by Dorel Melloul and Ori Melloul from KSR, representing the landlord and tenant, respectively, in the lease agreement for the retail space. Larry Lee acted as the landlord for the property leased to Mikasa Sushi, a well-known sushi restaurant.
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
132191.67%
Cash-on-Cash
-37780.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93