Hupo Szechuan Leases Retail Space At 392 5th Avenue In Park Slope
337 Park Avenue
$105
$105/SF
Building Size
3,400 SF
Asset Type
Retail
Closing
Feb 15, 2024
About this deal
AI
The retail property located at 392 5th Avenue in Park Slope has been leased to Hupo Szechuan. The space spans 3,400 square feet with an asking rent of $105 per square foot. The landlords, Ariel Akkad and Arya Zand of Slope Asset Management, secured this retail lease deal.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Landlord: Ariel Akkad & Arya Zand - Slope Asset Management
- Tenant: Hupo Szechuan
- Landlord's Rep: Solomon Tbeile & Ike Bibi - KSR
- Tenant's Rep: Lip Fei Jiang - Chibeca Real Estate
- Address: 392 5th Avenue
- Market: Park Slope
Solomon Tbeile and Ike Bibi from KSR represented the landlords in this retail lease transaction, while Lip Fei Jiang from Chibeca Real Estate acted as the tenant's representative, facilitating the agreement between both parties.
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
151076.19%
Cash-on-Cash
-43178.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93