Zach O'Donnell Leases Retail Space To Ken Pilates At 541 Sixth Avenue In Park Slope
541 Sixth Avenue
$44
$44/SF
Building Size
3,500 SF
Asset Type
Retail
Closing
Aug 25, 2025
AI
The property asset involved in this transaction is a retail space located at 541 Sixth Avenue in the Park Slope market. The lease has an asking rent of $44 per square foot and encompasses a total area of 3,500 square feet. The lease type is defined as a Modified Gross Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $154,000
- Landlord: Zach O'Donnell
- Tenant: Ken Pilates
- Date of Transaction: 8/26/2025
- Brokers: James Famularo, Jacob Mayer & Cole Kleppinger - Meridian Capital Group
The transaction features key individuals including the landlord, Zach O'Donnell, and the tenant, Ken Pilates, who has secured this retail space. Notably, the brokers representing the transaction are James Famularo, Jacob Mayer, and Cole Kleppinger from Meridian Capital Group, highlighting their involvement in facilitating the lease agreement.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
360522.73%
Cash-on-Cash
-103038.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93