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885 Rogers Avenue

Dr. Wilfrid Herard, MD Leases Mixed-Use Space From Stablehouse Management At 885 Rogers Avenue
LEASEDMixed-use

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

Eddie Mamiye

Broker

$1.4M

vol

46 deals

Broker
Meyer Dagmy
Verified Badge

Meyer Dagmy

MOD

Broker

$5.5M

vol

90 deals

Broker

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