Updated Oct 1, 2026
Yaakov Ostrovsky Leases 21,000 SF Commercial Space To Largest Ukrainian Daycare In NYC
1940 Shore Parkway
$40
$40/SF
Building Size
21,000 SF
Asset Type
Commercial
Closing
Aug 24, 2026
About this deal
AI
The property involved in this transaction is a commercial asset located at 1940 Shore Parkway in Brooklyn. The asking rent for the space is $40 per square foot, comprising a total of 21,000 square feet. The lease type for this arrangement is categorized as a NNN Lease.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $40/ft
- Square Footage: 21,000
- Address: 1940 Shore Parkway
- Market: Brooklyn
- Landlord: Yaakov Ostrovsky
- Tenant: Largest Ukrainian Daycare in NYC
- Broker Representatives: Richard Zagranichny & Richard Senior - Ripco
This transaction features contributions from the landlord, Yaakov Ostrovsky, who is leasing to the tenant identified as the Largest Ukrainian Daycare in NYC. The brokers managing the deal are Richard Zagranichny and Richard Senior from Ripco, overseeing the leasing arrangements for this commercial property.
On the Map
$40
$40/SF
Commercial
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Players
Brooklyn Commercial Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
396575.00%
Cash-on-Cash
-113342.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93