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296 Wythe Avenue

Joseph Brunner Leases Mixed-Use Space At 296 Wythe Avenue Brooklyn To Urban Brooklyn For $30/ft
LEASEDMixed-use

Joseph Brunner Leases Mixed-Use Space At 296 Wythe Avenue Brooklyn To Urban Brooklyn For $30/ft

296 Wythe Avenue

$30

$30/SF

Building Size

10,000 SF

Asset Type

Mixed-use

Closing

Jun 2, 2026

AI

The property asset involved is located at 296 Wythe Avenue in Brooklyn. This mixed-use space encompasses a total of 10,000 square feet and was leased under a Modified Gross Lease agreement with an asking rent of $30 per square foot.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $300,000
  • Address: 296 Wythe Avenue
  • Market: Brooklyn
  • Landlord: Joseph Brunner
  • Tenant: Urban Brooklyn
  • Broker: Mike Sutton - MOD
  • Lease Type: Modified Gross Lease

The deal involves notable individuals including Joseph Brunner as the landlord and Urban Brooklyn as the tenant, with Mike Sutton from MOD representing the landlord in this transaction.

Players

Mike Sutton

MOD

Broker

2 deals

Broker

Joseph Brunner

Landlord

$658.8M

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

528766.67%

Cash-on-Cash

-151123.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93