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570 Nostrand Avenue

Allan Lebovits Leases Mixed-Use Property To United States Postal Service At 570 Nostrand Avenue
LEASEDMixed-use

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

Trent E. Dickey

JLL

Broker

2 deals

Broker
Meyer Dagmy
Verified Badge

Meyer Dagmy

MOD

Broker

$5.5M

vol

90 deals

Broker
Allan Lebovits

Allan Lebovits

Landlord

$501.5M

vol

18 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

226614.29%

Cash-on-Cash

-64767.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93