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541 Sixth Avenue

Zach O'Donnell Leases Retail Space To Ken Pilates At 541 Sixth Avenue In Park Slope
LEASEDRetail

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:

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

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

367 deals

Broker
Meridian Capital Group
Meridian Capital GroupBrokerage

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

360522.73%

Cash-on-Cash

-103038.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93