Rizwan Shah Leases Retail Space To Bonjour Bakery At 1357 Broadway Brooklyn For 10 Years
1357 Broadway
$50
$50/SF
Building Size
3,000 SF
Asset Type
Retail
Closing
Jan 12, 2026
About this deal
AI
The property asset involved in this transaction is located at 1357 Broadway, Brooklyn. This retail space encompasses a total of 3,000 square feet and is being leased under a single net lease for a duration of 10 years at an asking rent of $50 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $150,000 (calculated based on term and rent)
- Address: 1357 Broadway
- Market: Brooklyn
- Landlord: Rizwan Shah
- Tenant: Bonjour Bakery
- Brokers: Solomon Betesh & Gabriel Betesh - Momentum Realty Group
- Lease Term: 10 Years
- Lease Type: Single Net Lease
Key individuals involved in this deal include the landlord Rizwan Shah and tenant Bonjour Bakery, alongside brokers Solomon Betesh and Gabriel Betesh from Momentum Realty Group who represented both parties in this leasing transaction.
On the Map
$50
$50/SF
Retail
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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
317260.00%
Cash-on-Cash
-90673.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93