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1357 Broadway

Rizwan Shah Leases Retail Space To Bonjour Bakery At 1357 Broadway Brooklyn For 10 Years
LEASEDRetail

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

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.

Players

Solomon Betesh

Momentum Realty Group

Broker

9 deals

Broker

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