Ambrosino Constructions Leases Retail Space To Abu Zayn At 1611 Broadway In Brooklyn For $70/ft
1611 Broadway
Building Size
1,650 SF
Asset Type
Retail
Closing
Oct 26, 2026
About this deal
AI
The property involved in this transaction is a retail asset located at 1611 Broadway in the Brooklyn market. The asking rent for the lease is $70 per square foot, with a total square footage of 1,650. The lease term is set for 10 years under a NNN lease structure.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $70/ft
- Address: 1611 Broadway
- Market: Brooklyn
- Lease Term: 10 Years
- Lease Type: NNN Lease
- Landlord: Ambrosino Constructions
- Tenant: Abu Zayn
- Landlord's Representative: Solomon Betesh & Gabriel Betesh - Momentum Realty Group
- Tenant's Representative: Josh Augenbaum & Murray Mizrachi - Augenbaum Realty
The transaction involves notable individuals representing both the landlord and tenant. Solomon Betesh and Gabriel Betesh from Momentum Realty Group represent Ambrosino Constructions, while Josh Augenbaum and Murray Mizrachi from Augenbaum Realty represent Abu Zayn in this deal.
On the Map
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
226614.29%
Cash-on-Cash
-64767.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93