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
About this deal
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.
On the Map
$422,500
$422,500/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
37.55%
Cash-on-Cash
-10.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93