Ranco Capital Leases Mixed-Use Space To Heavenly Market At 441 4th Avenue, Brooklyn For $120/ft
441 4th Avenue
$120
$120/SF
Building Size
4,000 SF
Asset Type
Mixed-use
Closing
Oct 14, 2026
About this deal
AI
The property involved in this transaction is a mixed-use asset located at 441 4th Avenue in Brooklyn. The asking rent for the space is priced at $120 per square foot, encompassing a total of 4,000 square feet. The lease type agreed upon is a modified gross lease.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $120/ft
- Lease Type: Modified Gross Lease
- Landlord: Ranco Capital
- Tenant: Heavenly Market
- Landlord's Representatives: Meyer Dagmy, Mike Sutton & Eddie Mamiye - MOD
- Broker: Haz Aliessa - Lee & Associates NYC
This transaction features several key players including the landlord Ranco Capital and tenant Heavenly Market. The leasing process involved representatives from MOD, specifically Meyer Dagmy, Mike Sutton, and Eddie Mamiye, ensuring effective negotiation and facilitation of the lease agreement.
On the Map
$120
$120/SF
Mixed-use
View full map
Players
Brooklyn Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Lease transactions
Loading comparables…
Deal FAQ
Visit Haz Aliessa to view all their deals.
Browse Brooklyn mixed use leases on Traded.
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