Park Slope Cardiac & Diagnostic Services Leases Retail Space At 385 7th Avenue For $98/ft
385 7th Avenue
$98
$98/SF
Building Size
1,400 SF
Asset Type
Retail
Closing
Feb 26, 2026
AI
The retail asset located at 385 7th Avenue in Brooklyn features a modified gross lease for a total space of 1,400 square feet. The tenant securing this lease is Park Slope Cardiac & Diagnostic Services, with an asking rent of $98 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $137,200
- Tenant: Park Slope Cardiac & Diagnostic Services
- Landlord's Representative: Edmund Shammah - Safdie Realty Group
- Lease Type: Modified Gross Lease
Edmund Shammah, representing Safdie Realty Group, specializes in landlord and tenant representation across Brooklyn, the Bronx, Manhattan, and Queens. For further assistance with leasing space or finding suitable locations, tenants and landlords can reach out to him directly.
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
161867.35%
Cash-on-Cash
-46262.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93