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
About this deal
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.
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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