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1715 Nostrand Avenue

B&S Beauty Salon Spa Leases 1,000 SF Retail Space At 1715 Nostrand Avenue Brooklyn
LEASEDRetail

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

Josh Augenbaum

Augenbaum Realty

Broker

$655M

vol

144 deals

Broker
Josh Grunzweig

Josh Grunzweig

Landlord

$17.1M

vol

3 deals

Landlord

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