Allan Lebovits Leases Mixed-Use Property To United States Postal Service At 570 Nostrand Avenue
570 Nostrand Avenue
$70
$70/SF
Building Size
2,000 SF
Asset Type
Mixed-use
Closing
Dec 7, 2025
AI
The mixed-use property located at 570 Nostrand Avenue in Brooklyn features a lease agreement with an area of 2,000 square feet. The asking rent is set at $70 per square foot under a Single Net Lease. The landlord, Allan Lebovits, is engaging the United States Postal Service as the tenant for this space.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $70/ft
- Square Footage: 2,000
- Address: 570 Nostrand Avenue
- Market: Brooklyn
- Landlord: Allan Lebovits
- Tenant: United States Postal Service
- Landlord's Representative: Eddie Mamiye & Meyer Dagmy - MOD
- Tenant's Representative: Trent E. Dickey - JLL
- Lease Type: Single Net Lease
This transaction involves key representatives including Eddie Mamiye and Meyer Dagmy from MOD, who represent the landlord Allan Lebovits, and Trent E. Dickey from JLL representing the tenant, United States Postal Service.
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
226614.29%
Cash-on-Cash
-64767.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93