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411 Myrtle Avenue

Justin Mesh Leases Mixed-Use Space At 411 Myrtle Avenue To Clinton Hill Wines With Brokers Meyer Dagmy & Eddie Mamiye
LEASEDMixed-use

Justin Mesh Leases Mixed-Use Space At 411 Myrtle Avenue To Clinton Hill Wines With Brokers Meyer Dagmy & Eddie Mamiye

411 Myrtle Avenue

$120

$120/SF

Building Size

1,200 SF

Asset Type

Mixed-use

Closing

Aug 3, 2025

AI

The property involved in the transaction is located at 411 Myrtle Avenue in Clinton Hill. It is classified as a mixed-use asset with a total square footage of 1,200. The asking rent for this lease is set at $120 per square foot. The lease type is a modified gross lease.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $120/ft
  • Address: 411 Myrtle Avenue
  • Market: Clinton Hill
  • Landlord: Justin Mesh
  • Tenant: Clinton Hill Wines
  • Brokers: Meyer Dagmy & Eddie Mamiye - MOD
  • Lease Type: Modified Gross Lease

The deal involved Justin Mesh as the landlord and Clinton Hill Wines as the tenant, with representation provided by brokers Meyer Dagmy and Eddie Mamiye from MOD. This transaction highlights the collaborative efforts of the brokers in facilitating the lease agreement.

Players

Eddie Mamiye

Broker

$1.4M

vol

46 deals

Broker
Meyer Dagmy
Verified Badge

Meyer Dagmy

MOD

Broker

$5.5M

vol

90 deals

Broker

Justin Meshberg

Landlord

$7.6M

vol

3 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

132191.67%

Cash-on-Cash

-37780.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93