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211 Mcguinness Boulevard

Koi Vision Optometry Leases Retail Space At 211 McGuinness Boulevard Brooklyn At $63 Per Foot
LEASEDRetail

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

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

362 deals

Broker
Meridian Capital Group
Meridian Capital GroupBrokerage
Stellar Management
Stellar ManagementLandlord

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