Adir Cohen Of Renaissance Realty Leases Retail Space To Tropical Smoothie Cafe For $80/ft
1623 Flatbush Avenue
$80
$80/SF
Building Size
1,500 SF
Asset Type
Retail
Closing
Oct 1, 2026
About this deal
AI
The property asset involved in this lease transaction is a retail space located at 1623 Flatbush Avenue in Brooklyn. The space spans 1,500 square feet and commands an asking rent of $80 per foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $120,000
- Landlord: Adir Cohen
- Landlord's Representative: Josh Augenbaum & Murray Mizrachi - Augenbaum Realty
- Tenant: Tropical Smoothie Cafe
- Tenant's Representative: Nick Masson - TSCG (The Shopping Center Group)
- Lease Type: Retail Lease
- Date: 10/01/2026
This transaction involved key figures from the brokerage community, with Josh Augenbaum and Murray Mizrachi representing the landlord, Adir Cohen of Renaissance Realty, while Nick Masson represented the tenant, Tropical Smoothie Cafe.
On the Map
$80
$80/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
198287.50%
Cash-on-Cash
-56671.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93