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
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