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6102 8th Avenue

TD Bank Leases Retail Space At 6102 8th Ave. In Sunset Park, Brooklyn
LEASEDRetail

TD Bank Leases Retail Space At 6102 8th Ave. In Sunset Park, Brooklyn

6102 8th Avenue

$200

$200/SF

Building Size

6,000 SF

Asset Type

Retail

Closing

Jul 25, 2022

AI

The retail property located at 6102 8th Ave. in Sunset Park, Brooklyn has been leased. The tenant, TD Bank, will be occupying the space under the ownership of John Busiello. The leasing deal was facilitated by Richard Senior and Scott Rothstein from RIPCO Real Estate. The property has a total square footage of 6,000 square feet and the asking rent was $200 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: N/A
  • Tenant: TD Bank
  • Landlord: John Busiello
  • Brokers: Richard Senior & Scott Rothstein - RIPCO Real Estate
  • Address: 6102 8th Ave., Sunset Park, Brooklyn
  • Market: Sunset Park, Brooklyn
  • Asking Rent: $200 per square foot

This leasing transaction was successfully completed with the involvement of TD Bank as the tenant and John Busiello as the landlord. The deal was handled by Richard Senior and Scott Rothstein from RIPCO Real Estate.

Players

Richard Senior

Ripco

Broker

$11.9M

vol

12 deals

Broker
TD Bank
TD BankLender
TD Bank
TD BankTenant

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

79315.00%

Cash-on-Cash

-22668.47%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93