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
About this deal
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.
On the Map
$160
$160/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
99143.75%
Cash-on-Cash
-28335.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93