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
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