Joey Bawabeh Leases Retail Space To Noam & Joaq's Deli At 212 East 98th Street
212 East 98th Street
$66
$66/SF
Building Size
2,100 SF
Asset Type
Retail
Closing
May 6, 2026
AI
The retail asset located at 212 East 98th Street in Brooklyn features 2,100 square feet of space. The property is under a single net lease agreement with an asking rent of $66 per square foot.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 212 East 98th Street
- Market: Brooklyn
- Landlord: Joey Bawabeh
- Tenant: Noam & Joaq's Deli
- Brokers: Noam Aziz, Joaquin Carrillo & Carson Shahrabani - Meridian Capital Group
- Lease Type: Single Net Lease
- Asking Rent: $66/ft
- Square Footage: 2,100
Noam Aziz, Joaquin Carrillo, and Carson Shahrabani from Meridian Capital Group represented the parties involved in the leasing transaction of the retail property, facilitating the agreement between the landlord and tenant.
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
240348.48%
Cash-on-Cash
-68692.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93