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8110 5th Avenue

Steve Pristourils Leases Retail Space To FlynnStoned At 8110 5th Avenue For $80/ft
LEASEDRetail

Steve Pristourils Leases Retail Space To FlynnStoned At 8110 5th Avenue For $80/ft

8110 5th Avenue

$80

$80/SF

Building Size

3,200 SF

Asset Type

Retail

Closing

Mar 30, 2025

AI

The property asset involved in this transaction is a retail space located at 8110 5th Avenue, Bay Ridge, Brooklyn. It encompasses a total area of 3,200 square feet and is offered under a modified gross lease with an asking rent of $80 per square foot.

Summary of transaction details:

This transaction involves the representation of the landlord and tenant by David Rosenberg and Aric Trakhtenberg from Newmark, providing critical brokerage services for both parties in the lease agreement.

Players

Aric Trakhtenberg

Newmark

Broker

$8.3M

vol

50 deals

Broker

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

198287.50%

Cash-on-Cash

-56671.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93