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
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