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210 Greenpoint Avenue

Cold Stone Creamery Leases Retail Space From The Jay Group At 237 McGuiness Blvd In Greenpoint
LEASEDRetail

Cold Stone Creamery Leases Retail Space From The Jay Group At 237 McGuiness Blvd In Greenpoint

210 Greenpoint Avenue

$65

$65/SF

Building Size

1,850 SF

Asset Type

Retail

Closing

Jul 1, 2025

AI

The property involved in this transaction is a retail asset located at 237 McGuiness Blvd in the Greenpoint market. The asset encompasses a total square footage of 1,850 and was leased for an asking rent of $75 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $75/ft
  • Square Footage: 1,850
  • Address: 237 McGuiness Blvd
  • Market: Greenpoint
  • Landlord: The Jay Group
  • Tenant: Cold Stone Creamery
  • Brokers: Norma Ashkenazi & Eli Yadid - KSR
  • Tenant's Representative: Kyle Inserra
  • Lease Type: Retail Lease

Key individuals in this transaction include Norma Ashkenazi and Eli Yadid, who represented the landlord and facilitated the lease agreement. The tenant, Cold Stone Creamery, was represented by Kyle Inserra in the negotiation process. There are three spaces remaining on Greenpoint Ave side, for which interested parties are encouraged to reach out to the brokers for further information.

Players

Eli Yadid

Kassin Sabbagh Realty

Broker

$16M

vol

38 deals

Broker
Kassin Sabbagh Realty
Kassin Sabbagh RealtyBrokerage

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

244046.15%

Cash-on-Cash

-69749.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93