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167 Clermont Avenue

Samy Brahimy Leases Retail Space At 167 Clermont Avenue To Concordia Fort Greene Preschool
LEASEDRetail

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

William O'Brien

Broker

$17.1M

vol

8 deals

Broker
Meyer Dagmy
Verified Badge

Meyer Dagmy

MOD

Broker

$5.5M

vol

90 deals

Broker

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