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451 5th Avenue

Nightingale Veterinary Partners Leases Retail Space At 451 5th Avenue From RJ Capital Holdings
LEASEDRetail

Nightingale Veterinary Partners Leases Retail Space At 451 5th Avenue From RJ Capital Holdings

451 5th Avenue

$100

$100/SF

Building Size

5,871 SF

Asset Type

Retail

Closing

Feb 10, 2025

AI

The property asset is a retail space located at 451 5th Avenue in the Park Slope market. The lease transaction involves a total square footage of 5,871 and an asking rent of $120 per square foot.

Summary of transation details:

  • Property Type: Retail
  • Transaction Amount: $120/ft
  • Address: 451 5th Avenue
  • Market: Park Slope
  • Landlord: RJ Capital Holdings
  • Tenant: Nightingale Veterinary Partners
  • Landlord's Representative: George Skaliarinis & Mark Gallucci - KSR
  • Tenant's Representative: Jason Pruger - Newmark & Lucas Kooyman - AMP Solutions
  • Lease Type: Retail Lease

The transaction was facilitated by George Skaliarinis and Mark Gallucci representing the landlord, RJ Capital Holdings, while the tenant, Nightingale Veterinary Partners, was represented by Jason Pruger from Newmark and Lucas Kooyman from AMP Solutions.

Players

George Skaliarinis

Kassin Sabbagh Realty

Broker

$7M

vol

53 deals

Broker
RJ Capital Holdings
RJ Capital HoldingsLandlord

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

158630.00%

Cash-on-Cash

-45336.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93