LEASEDMixed-use
Gamal Saeidi Leases Mixed-Use Retail Space At 626 Manhattan Avenue To Loco Cafe For $200/ft
626 Manhattan Avenue
$200
$200/SF
Building Size
500 SF
Asset Type
Mixed-use
Closing
Jun 11, 2026
About this deal
AI
The property asset involved in this transaction is a mixed-use building located at 626 Manhattan Avenue in Brooklyn. The asking rent for the space is $200 per square foot, covering a total area of 500 square feet. The lease term agreed upon is 10 years, categorized as a retail lease.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $100,000
- Landlord: Gamal Saeidi
- Tenant: Loco Cafe
- Broker: Eric Lupo
- Lease Term: 10 Years
- Lease Type: Retail Lease
- Asking Rent: $200/ft
Eric Lupo serves as the broker representing this transaction, indicating his expertise in sales and leasing within the market. His contact note suggests clients can reach him easily for inquiries related to property deals.
On the Map
$200
$200/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
79315.00%
Cash-on-Cash
-22668.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93