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1940 Shore Parkway

Updated Oct 1, 2026

Yaakov Ostrovsky Leases 21,000 SF Commercial Space To Largest Ukrainian Daycare In NYC
LEASEDCommercial

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:

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

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$40

$40/SF

Commercial

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Players

Richard Senior

Ripco

Broker

$11.9M

vol

12 deals

Broker

Yaakov Ostrovsky

Landlord

1 deal

Landlord
LN
Largest Ukrainian Daycare in NYCTenant
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Brooklyn Commercial Market Snapshot

Boundary boundary · Commercial · Lease transactions

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Deal FAQ

About $40 per square foot on a published $40 for 21,000 square feet (2026).

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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

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