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
Brooklyn Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
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