Green Street NYC Leases Retail Space To Wara Sushi At 1040 Manhattan Avenue For $110/ft
1040 Manhattan Avenue
$110
$110/SF
Building Size
850 SF
Asset Type
Retail
Closing
Jun 16, 2026
AI
The asset involved in this transaction is a retail space located at 1040 Manhattan Avenue, in the Manhattan market. The asking rent for this property is $110 per square foot for a total square footage of 850. The lease type established for this agreement is a Single Net Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $110/ft
- Square Footage: 850
- Landlord: Green Street NYC
- Tenant: Wara Sushi
- Landlord's Representative: Noam Aziz, Carson Shahrabani & Max Freudenberger - Meridian Capital Group
The deal involves key representatives from Meridian Capital Group, specifically Noam Aziz, Carson Shahrabani, and Max Freudenberger, who represented the landlord in this leasing transaction.
Players
Brooklyn Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
144209.09%
Cash-on-Cash
-41215.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93