Henry Zupnick Leases Retail Space To The Music Institute At 1908 Flatbush Avenue
1908 Flatbush Avenue
$60
$60/SF
Building Size
1,000 SF
Asset Type
Retail
Closing
Jan 31, 2026
About this deal
AI
The leased property is located at 1908 Flatbush Avenue in Brooklyn, featuring a retail asset type. The asking rent for the space is $60 per square foot, encompassing a total area of 1,000 square feet. This transaction involves a Single Net Lease agreement.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $60/ft
- Address: 1908 Flatbush Avenue
- Market: Brooklyn
- Landlord: Henry Zupnick
- Tenant: The Music Institute
- Brokers: Joaquin Carrillo & Aaron Harounian - Meridian Capital Group
- Lease Type: Single Net Lease
The brokers managing this transaction are Joaquin Carrillo and Aaron Harounian, representing Meridian Capital Group in facilitating the lease agreement between the landlord, Henry Zupnick, and the tenant, The Music Institute.
On the Map
$60
$60/SF
Retail
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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
264383.33%
Cash-on-Cash
-75561.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93