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:
- Property Type: Retail
- Transaction Amount: $80/ft
- Square Footage: 3,200
- Landlord: Steve Pristourils
- Tenant: FlynnStoned
- Date: 03/30/2025
- Brokers: David Rosenberg & Aric Trakhtenberg - Newmark
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.
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