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
About this deal
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.
On the Map
$30
$30/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
528766.67%
Cash-on-Cash
-151123.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93