Updated Sep 25, 2026
Richard Pogostin Leases Industrial Space At 122 Nostrand Avenue Brooklyn To Little Clouds For $38/ft
122 Nostrand Avenue
$38
$38/SF
Building Size
2,500 SF
Asset Type
Industrial
Closing
Sep 16, 2026
About this deal
AI
The property asset involved in this lease transaction is located at 122 Nostrand Avenue in Brooklyn. It is an industrial space with a square footage of 2,500. The asking rent for this asset is $38 per square foot. The lease term spans over 3 years, and it is categorized as a NNN lease.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $38/ft
- Address: 122 Nostrand Avenue
- Market: Brooklyn
- Square Footage: 2,500
- Lease Term: 3 Years
- Lease Type: NNN Lease
- Landlord: Richard Pogostin
- Tenant: Little Clouds
- Broker: Ilan Maslow - TorsX
The deal involves Richard Pogostin as the landlord and Little Clouds as the tenant. The broker representing the transaction is Ilan Maslow from TorsX, who facilitated the lease agreement for this industrial property.
On the Map
$38
$38/SF
Industrial
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Players
Brooklyn Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
417447.37%
Cash-on-Cash
-119307.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93