Wonderforest Nature Preschool Leases Retail Space In Prospect Heights
38 6th Avenue, Prospect Heights, Brooklyn, NY, USA
Building Size
3,629 SF
Asset Type
Retail
Closing
Mar 30, 2021
About this deal
AI
The retail property located at 38 Sixth Avenue in Prospect Heights has been leased. The transaction was finalized on 03/31/2021. The asset consists of 3,629 square feet of space.
Summary of transaction details
- Property Type: Retail
- Asking Rent: $120 per square foot
- Term: 10 years
- Tenant: Wonderforest Nature Preschool - Sarah Carlson
- Landlord: Greenland Forest City Partners - Scott Solish
The leasing deal was facilitated by the following brokers: Beth Rosen, Jason Pennington, and Jessica Hedrington from RIPCO Real Estate, and Jamie Saurman from Spire Group.
On the Map
Retail
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Players
New York 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93