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:
- Property Type: Mixed-use
- Transaction Amount: $75/ft
- Lease Term: 10 Years
- Lease Type: Modified Gross Lease
- Landlord: Abe Betesh
- Tenant: Pure Paws Veterinary Care
- Landlord's Representatives: Solomon Betesh & Gabriel Betesh - Momentum Realty Group
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
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