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
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