Michael Nickhamov Leases Retail Space To Guacado Mexican Grill At 1664 Sheepshead Bay Road
1664 Sheepshead Bay Road
$8,500
$8,500/SF
Building Size
1,500 SF
Asset Type
Retail
Closing
Apr 27, 2026
AI
The property asset involved in this transaction is a retail space located at 1664 Sheepshead Bay Road within the Sheepshead Bay market. This retail space spans 1,500 square feet and is leased at an asking rent of $68 per square foot. The lease agreement has a term of 10 years and is classified as a Modified Gross Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 1664 Sheepshead Bay Road
- Market: Sheepshead Bay
- Landlord: Michael Nickhamov
- Tenant: Guacado Mexican Grill
- Tenant's Representative: Avi Saadia & Fredy Halabi - Tri State Commercial Realty
- Asking Rent: $68/ft
- Square Footage: 1,500
- Lease Term: 10 years
- Lease Type: Modified Gross Lease
The transaction includes key individuals such as the landlord, Michael Nickhamov, and the tenant, Guacado Mexican Grill, who is represented by Avi Saadia and Fredy Halabi from Tri State Commercial Realty. Their involvement facilitates the leasing of the retail space in this deal.
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
1866.24%
Cash-on-Cash
-533.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93