Motaz Hamdan Leases Retail Space At 463 7th Avenue In Park Slope, Brooklyn
463 7th Ave Brooklyn, NY 11215, USA
$76
$76/SF
Building Size
1,000 SF
Asset Type
Retail
Closing
Sep 6, 2023
About this deal
AI
The retail space located at 463 7th Avenue in Park Slope, Brooklyn has been leased. The property spans 1,000 square feet and was listed for lease at an asking rent of $76 per square foot. The lease transaction was finalized on the 9th of June, 2023.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 463 7th Avenue, Park Slope, Brooklyn
- Market: Park Slope, Brooklyn
- Landlord: Joyce Lee
- Tenant: Motaz Hamdan
- Broker: Joey Kafif - Safdie Realty Group
- Asking Rent: $76 per square foot
Joey Kafif of Safdie Realty Group (SRG) served as the broker in this lease transaction. SRG represents both landlords and tenants in Brooklyn, Bronx, Manhattan, and Queens. For assistance in finding a new space or leasing out vacant spaces, you can contact Joey Kafif at [email protected].
Players
Market 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
208723.68%
Cash-on-Cash
-59653.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93