Mendy Lipshitz Leases Retail Space To Sutter Preschool At 203 Sutter Avenue In Brownsville
203 Sutter Avenue
$50
$50/SF
Building Size
5,000 SF
Asset Type
Retail
Closing
Mar 24, 2026
AI
A retail asset located at 203 Sutter Avenue in Brownsville has been leased. The leasing terms include a single net lease with a total square footage of 5,000. The asking rent was set at $50 per foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $250,000
- Landlord: Mendy Lipshitz
- Tenant: Sutter Preschool
- Brokers: Eli Yadid, Jordan Soleimani, David Green & Albert Salameh - KSR
- Lease Type: Single Net Lease
The deal was facilitated by brokers Eli Yadid, Jordan Soleimani, David Green, and Albert Salameh, representing the landlord and tenant in this transaction, bringing their expertise to the leasing process.
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
317260.00%
Cash-on-Cash
-90673.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93