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
About this deal
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.
On the Map
$100
$100/SF
Retail
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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
158630.00%
Cash-on-Cash
-45336.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93