Dr. Wilfrid Herard, MD Leases Mixed-Use Space From Stablehouse Management At 885 Rogers Avenue
885 Rogers Avenue
$40
$40/SF
Building Size
3,000 SF
Asset Type
Mixed-use
Closing
Apr 13, 2026
AI
The property involved in the transaction is a mixed-use asset located at 885 Rogers Avenue in Brooklyn. The lease agreement specifies an asking rent of $40 per square foot for a total area of 3,000 square feet. The lease type is noted as a single net lease.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $120,000
- Address: 885 Rogers Avenue
- Market: Brooklyn
- Landlord: Stablehouse Management
- Tenant: Dr. Wilfrid Herard, MD
- Landlord's Rep: Meyer Dagmy & Eddie Mamiye - MOD
- Tenant's Rep: Morris Tobias - Monday Morning MGMT
Key individuals involved in this transaction include Meyer Dagmy and Eddie Mamiye representing the landlord, Stablehouse Management, while Morris Tobias represents the tenant, Dr. Wilfrid Herard, MD. This lease highlights the collaborative efforts of the brokerage teams in securing the 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
396575.00%
Cash-on-Cash
-113342.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93