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1555 Flatbush Avenue

Falcon's Realty Leases Retail Space To MCU Bank At 1555 Flatbush Avenue For $160/ft
LEASEDRetail

Falcon's Realty Leases Retail Space To MCU Bank At 1555 Flatbush Avenue For $160/ft

1555 Flatbush Avenue

$160

$160/SF

Building Size

3,000 SF

Asset Type

Retail

Closing

Mar 16, 2026

AI

The property involved in this transaction is a retail space located at 1555 Flatbush Avenue in the Flatbush market. The asset encompasses a total of 3,000 square feet and is subject to a single net lease agreement. The asking rent for the property was set at $160 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 1555 Flatbush Avenue
  • Market: Flatbush
  • Lease Type: Single Net Lease
  • Landlord: Falcon's Realty
  • Tenant: MCU Bank
  • Landlord's Representative: Solomon Sharaby & Albert Manopla - KSR
  • Tenant's Representative: Jordan Kaplan - CBRE

The key individuals involved in the transaction include the landlord's representatives, Solomon Sharaby and Albert Manopla, who operate under KSR, and tenant's representative, Jordan Kaplan, aligned with CBRE. Their roles were significant in facilitating the lease agreement between Falcon's Realty and MCU Bank.

Players

Albert Manopla

Kassin Sabbagh Realty

Broker

$4.3M

vol

83 deals

Broker
FR
Falcon's RealtyLandlord
MB
MCU BankTenant

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

99143.75%

Cash-on-Cash

-28335.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93