Koi Vision Optometry Leases Retail Space At 211 McGuinness Boulevard Brooklyn At $63 Per Foot
211 Mcguinness Boulevard
$63
$63/SF
Building Size
1,600 SF
Asset Type
Retail
Closing
Jul 16, 2025
AI
The property asset involved in this transaction is located at 211 McGuinness Boulevard in Brooklyn. It is a retail space with a modified gross lease covering a total of 1,600 square feet. The asking rent for this property is $63 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 211 McGuinness Boulevard
- Market: Brooklyn
- Lease Type: Modified Gross Lease
- Landlord: Stellar Management
- Landlord Representative: James Famularo, Jordan Langer, and Jessica Blocker - Meridian Capital Group
- Tenant: Koi Vision Optometry
- Tenant Representative: Evan Gasman
The individuals involved in this transaction include Domenick Gioia, representing the landlord, and the team from Meridian Capital Group, which includes James Famularo, Jordan Langer, and Jessica Blocker. The tenant's representation was handled by Evan Gasman, who facilitated Koi Vision Optometry's lease agreement.
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
251793.65%
Cash-on-Cash
-71963.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93