Samy Brahimy Leases Retail Space At 167 Clermont Avenue To Concordia Fort Greene Preschool
167 Clermont Avenue
$45
$45/SF
Building Size
13,000 SF
Asset Type
Retail
Closing
Jul 9, 2025
AI
The asset involved in this lease transaction is located at 167 Clermont Avenue in Brooklyn. It is categorized as retail space, with a total square footage of 13,000. The asking rent for this space is $45 per square foot, and the lease type is a modified gross lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $585,000
- Address: 167 Clermont Avenue
- Landlord: Samy Brahimy
- Tenant: Concordia Fort Greene Preschool
- Landlord's Representative: William O'Brien
- Tenant's Representative: Meyer Dagmy & Eddie Mamiye - MOD
- Date: 7/10/2025
The deal was facilitated with landlord representation by William O'Brien. The tenant’s interests were represented by Meyer Dagmy and Eddie Mamiye from MOD. This collaboration marks a significant step forward for both parties within the retail market segment in Brooklyn.
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
352511.11%
Cash-on-Cash
-100748.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93