B&S Beauty Salon Spa Leases 1,000 SF Retail Space At 1715 Nostrand Avenue Brooklyn
1715 Nostrand Avenue
$42
$42/SF
Building Size
1,000 SF
Asset Type
Retail
Closing
Mar 31, 2026
AI
The property asset involved in the transaction is a retail space located at 1715 Nostrand Avenue in Brooklyn. The asking rent for the space is $42 per square foot, and it encompasses a total area of 1,000 square feet. The lease type is a Single Net Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $42/ft
- Lease Type: Single Net Lease
- Landlord: Josh Grunzweig
- Tenant: B&S Beauty Salon Spa
- Landlord's Representative: Chaim Zagelbaum & Josh Augenbaum - Augenbaum Realty
- Tenant's Representative: Noam Aziz & Michael Escava - Meridian Capital Group
The deal features a total representation involving Chaim Zagelbaum and Josh Augenbaum from Augenbaum Realty serving the landlord, while Noam Aziz and Michael Escava from Meridian Capital Group represent the tenant in this transaction.
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
377690.48%
Cash-on-Cash
-107945.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93