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1421 Nostrand Avenue

Gil Shenhav & Roy Girtz Lease Retail Space At 1421 Nostrand Avenue To Bucknell Pharmacy
LEASEDRetail

Gil Shenhav & Roy Girtz Lease Retail Space At 1421 Nostrand Avenue To Bucknell Pharmacy

1421 Nostrand Avenue

$50

$50/SF

Building Size

4,000 SF

Asset Type

Retail

Closing

Jul 31, 2026

AI

The property located at 1421 Nostrand Avenue in Brooklyn is a retail asset featuring a lease agreement with Bucknell Pharmacy. The asking rent for this location is set at $50 per square foot for a total area of 4,000 square feet.

Summary of transaction details:

Murray Mizrachi and Josh Augenbaum of Augenbaum Realty represented the landlords Gil Shenhav and Roy Girtz in this leasing transaction. The lease type is classified specifically as a Retail Lease, emphasizing the nature of the tenant's operations at this location.

Players

Josh Augenbaum

Augenbaum Realty

Broker

$655M

vol

148 deals

Broker

Gil Shenhav

Landlord

$1.2M

vol

3 deals

Landlord
BP
Bucknell PharmacyTenant

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