Klosed Properties Leases Mixed-Use Space To Pacha Cafe At 594 Rogers Avenue For $60/ft
594 Rogers Avenue
$60
$60/SF
Building Size
1,000 SF
Asset Type
Mixed-use
Closing
Oct 6, 2026
About this deal
AI
The property involved in this transaction is a mixed-use asset located at 594 Rogers Avenue in Brooklyn. The lease type is a Modified Gross Lease with an asking rent of $60 per square foot for a total of 1,000 square feet. The landlord for this transaction is Klosed Properties, and the tenant is Pacha Cafe.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $60/ft
- Address: 594 Rogers Avenue
- Market: Brooklyn
- Landlord: Klosed Properties
- Tenant: Pacha Cafe
- Broker: Mike Sutton - MOD
- Lease Type: Modified Gross Lease
- Square Footage: 1,000
In this deal, Mike Sutton acted as the broker representing the landlord, Klosed Properties. The transaction was finalized on 10/06/2026, marking a significant movement in the rental market for the area.
On the Map
$60
$60/SF
Mixed-use
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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
264383.33%
Cash-on-Cash
-75561.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93