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203 Jay Street

AmTrust Realty Corp Leases Retail Space To Bond Street Cafe In Brooklyn For 10 Years
LEASEDMixed-use

AmTrust Realty Corp Leases Retail Space To Bond Street Cafe In Brooklyn For 10 Years

203 Jay Street

$216,250

$216,250/SF

Building Size

1,730 SF

Asset Type

Mixed-use

Closing

Aug 31, 2025

AI

The property asset involved in this transaction is a retail space located at 203 Jay Street in Brooklyn. The asking rent for this space is $125 per square foot, totaling 1,730 square feet. The lease has a term of 10 years and is categorized as a modified gross lease.

Summary of transation details:

  • Property Type: Retail
  • Transaction Amount: $125/ft
  • Lease Term: 10 Years
  • Lease Type: Modified Gross Lease
  • Landlord: AmTrust Realty Corp.
  • Tenant: Bond Street Cafe
  • Landlord's Representative: David Abrams & Jeff Jacobson - Masonre
  • Tenant's Representative: Nick Marshall - The Heller Organization

The deal features key individuals and entities, including AmTrust Realty Corp. as the landlord and Bond Street Cafe as the tenant. The landlord's representation was provided by David Abrams and Jeff Jacobson from Masonre, while the tenant was represented by Nick Marshall from The Heller Organization.

Players

David Abrams

Masonre

Broker

$17.3M

vol

19 deals

Broker
The Heller Organization
The Heller OrganizationBrokerage
Masonre
MasonreBrokerage

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

73.35%

Cash-on-Cash

-20.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93