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20 Columbia Place

Davit Mneyan Of Pinnacle Group Leases Retail Space To Jack's Table In Brooklyn For $80/ft
LEASEDRetail

Davit Mneyan Of Pinnacle Group Leases Retail Space To Jack's Table In Brooklyn For $80/ft

20 Columbia Place

$80

$80/SF

Building Size

1,000 SF

Asset Type

Retail

Closing

Mar 31, 2026

AI

The retail asset located at 20 Columbia Place in Brooklyn has entered a lease agreement. The asking rent for this property is $80 per square foot, covering an area of 1,000 square feet. The lease type is a Single Net Lease.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $80/ft
  • Address: 20 Columbia Place
  • Market: Brooklyn
  • Landlord: Davit Mneyan - Pinnacle Group
  • Tenant: Jack's Table
  • Landlord's Representative: Joaquin Carrillo - Meridian Capital Group
  • Tenant's Representative: Jeffrey Lopez - Lee & Associates

This transaction showcases the roles of key representatives in the deal, with Joaquin Carrillo representing the landlord, Pinnacle Group, and Jeffrey Lopez representing the tenant, Jack's Table. Their involvement highlights the professional brokerage support guiding this lease agreement.

Players

Jeffrey Lopez

Lee & Associates

Broker

$4.5M

vol

10 deals

Broker
PG
Pinnacle GroupLandlord

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

198287.50%

Cash-on-Cash

-56671.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93