Blink Fitness Leases 18000 Square Feet At 5901 Flatlands Ave Brooklyn With Ezra Saff As Landlord Rep
5901 Flatlands Ave, Brooklyn, NY, 112...
Building Size
18,000 SF
Asset Type
Retail
Closing
Apr 15, 2019
AI
The property involved in this transaction is located at 5901 Flatlands Ave, Brooklyn, NY, 112... It encompasses 18,000 square feet and is positioned within the Brooklyn market. The landlord for this lease is unknown.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 5901 Flatlands Ave, Brooklyn, NY, 112...
- Market: Brooklyn
- Landlord's Representative: Ezra Saff
- Tenant: Blink Fitness
- Square Feet: 18,000
This transaction features the participation of Ezra Saff as the representative for the landlord, facilitating the agreement with Blink Fitness as the tenant in this deal.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93