Brooklyn Ninja Gym Leases Retail Space At 340 4th Avenue In Park Slope
340 4th Avenue, Brooklyn, New York 11215, United States
Building Size
7,000 SF
Asset Type
Retail
Closing
Jan 6, 2022
About this deal
AI
The retail property located at 340 4th Avenue, 2nd Floor in Park Slope has been leased to Brooklyn Ninja Gym. The lease was facilitated by Eli Yadid from Kassin Sabbagh Realty on behalf of the tenant. The property is owned by The Zafarani Family.
Summary of transaction details:
- Property Type: Retail
- Asking Rent: $50/sqft
- Square Footage: 7,000 sqft
- Lease Date: 01/06/2022
- Address: 340 4th Avenue, 2nd Floor
- Market: Park Slope
Eli Yadid from Kassin Sabbagh Realty represented Brooklyn Ninja Gym in the lease deal with The Zafarani Family. The lease rate was set at $50 per square foot, and the property offers a total of 7,000 square feet of space.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93