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1 Putnam Avenue

Abe Betesh Leases Mixed-Use Property To Pure Paws Veterinary Care For $75/ft In Brooklyn
LEASEDMixed-use

Abe Betesh Leases Mixed-Use Property To Pure Paws Veterinary Care For $75/ft In Brooklyn

1 Putnam Avenue

$75

$75/SF

Building Size

5,000 SF

Asset Type

Mixed-use

Closing

Jun 30, 2026

AI

The property involved in this transaction is a mixed-use asset located at 1 Putnam Avenue in Brooklyn. The asking rent for this space is $75 per square foot, and it encompasses a total area of 5,000 square feet. The lease term agreed upon for this property is 10 years under a modified gross lease structure.

Summary of transaction details:

The key individuals involved in this transaction include Abe Betesh as the landlord and Pure Paws Veterinary Care as the tenant. The representations for the landlord were made by Solomon Betesh and Gabriel Betesh from Momentum Realty Group, ensuring the lease agreement was successfully executed.

Players

Gabriel Betesh

Momentum Realty Group

Broker

3 deals

Broker
Abe Betesh

Abe Betesh

N/A

Landlord

$52.6M

vol

9 deals

Landlord

Market Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

211506.67%

Cash-on-Cash

-60449.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93