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626 Manhattan Avenue

Gamal Saeidi Leases Mixed-Use Retail Space At 626 Manhattan Avenue To Loco Cafe For $200/ft
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

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.

Players

Eric Lupo

Broker

$40.1M

vol

6 deals

Broker

Gamal Saeidi

Gamal Saeidi

Landlord

1 deal

Landlord
LC
Loco CafeTenant

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