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203 Jay Street

AmTrust Realty Corp Leases Retail Space To DiDi’s Pizza At 203 Jay Street In Brooklyn
LEASEDMixed-use

AmTrust Realty Corp Leases Retail Space To DiDi’s Pizza At 203 Jay Street In Brooklyn

203 Jay Street

$422,500

$422,500/SF

Building Size

3,380 SF

Asset Type

Mixed-use

Closing

Sep 14, 2025

AI

The property asset involved in this transaction is a retail space located at 203 Jay Street in Brooklyn. The asking rent for this space is set at $125 per square foot, which totals 3,380 square feet. The lease arrangement is a Modified Gross Lease with a term of 10 years.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $125/ft
  • Address: 203 Jay Street
  • Market: Brooklyn
  • Landlord: AmTrust Realty Corp.
  • Tenant: DiDi’s Pizza
  • Landlord's Rep: David Abrams & Jeff Jacobson - Masonre
  • Tenant's Rep: Nick Marshall - The Heller Organization
  • Lease Term: 10 Years
  • Lease Type: Modified Gross Lease
  • Square Footage: 3,380

The individuals involved in the deal include David Abrams and Jeff Jacobson representing the landlord AmTrust Realty Corp., while Nick Marshall represents the tenant DiDi’s Pizza through The Heller Organization. This outlines the key players facilitating the lease transaction in this Brooklyn retail market.

Players

David Abrams

Masonre

Broker

$17.3M

vol

19 deals

Broker
David Abrams

David Abrams

Landlord

$17.3M

vol

19 deals

Landlord

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

37.55%

Cash-on-Cash

-10.73%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93