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229 Livingston Street

JW Mays Inc Leases Retail Space To Cadet Athletic Performance For $48/ft In Brooklyn
LEASEDRetail

JW Mays Inc Leases Retail Space To Cadet Athletic Performance For $48/ft In Brooklyn

229 Livingston Street

$48

$48/SF

Building Size

5,500 SF

Asset Type

Retail

Closing

Aug 31, 2025

AI

The property asset involved in this transaction is a retail space located at 229 Livingston Street in Brooklyn. The asking rent for this space is set at $48 per square foot, with a total area of 5,500 square feet. The type of lease agreement executed for this property is a Modified Gross Lease.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $48/ft
  • Address: 229 Livingston Street
  • Market: Brooklyn
  • Total Square Footage: 5,500
  • Landlord: JW Mays Inc
  • Tenant: Cadet Athletic Performance
  • Landlord's Representative: Leo Beda, Joey Sakkal & Shlomi Bagdadi - Tri State Commercial Realty

This transaction reflects the collaboration among key individuals such as Leo Beda, Joey Sakkal, and Shlomi Bagdadi, who represent JW Mays Inc in this leasing deal. The involvement of Tri State Commercial Realty highlights the role of these representatives in facilitating the agreement between the landlord and the tenant, Cadet Athletic Performance.

Players

Shlomi Bagdadi

Tri State Commercial Realty

Broker

$11.5M

vol

7 deals

Broker

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

330479.17%

Cash-on-Cash

-94451.96%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93