C Town Supermarket Leases 10,000 SF Mixed-use Space At 1042 Atlantic Avenue In Brooklyn
1042 Atlantic Avenue
$40
$40/SF
Building Size
10,000 SF
Asset Type
Mixed-use
Closing
Oct 12, 2026
About this deal
AI
The lease involves a mixed-use asset located at 1042 Atlantic Avenue in Brooklyn, with a total square footage of 10,000. The asking rent for the property is $40 per square foot, and the lease type is a Modified Gross Lease.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: $400,000
- Address: 1042 Atlantic Avenue
- Market: Brooklyn
- Landlord: Elie Pariente
- Tenant: C Town Supermarket
- Brokers: Eddie Mamiye, Meyer Dagmy & Mike Sutton - MOD
- Note: Fresh Program Space
The transaction features representation by brokers Eddie Mamiye, Meyer Dagmy, and Mike Sutton from MOD, who facilitated the agreement between landlord Elie Pariente and tenant C Town Supermarket. Their involvement emphasizes professional brokerage services in securing this lease arrangement.
On the Map
$40
$40/SF
Mixed-use
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Players
Brooklyn 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
396575.00%
Cash-on-Cash
-113342.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93