Columbia Property Trust Leases Retail Space To Kurrent NY At 232 West 18th Street
232 West 18th Street
$120
$120/SF
Building Size
2,800 SF
Asset Type
Retail
Closing
Feb 22, 2026
AI
The property involved in the lease transaction is located at 232 West 18th Street in Brooklyn. This retail asset has a total square footage of 2,800 and is secured under a modified gross lease with an asking rent of $120 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $336,000
- Landlord: Columbia Property Trust
- Tenant: Kurrent NY
- Landlord's Representative: Patrick O’Rourke - Cushman & Wakefield
- Tenant's Representatives: Isaac Bijou, Meyer Dagmy & Eddie Mamiye - MOD
- Date of Transaction: 2/23/2026
The deal involved multiple representatives, with Patrick O’Rourke from Cushman & Wakefield representing the landlord, Columbia Property Trust. The tenant, Kurrent NY, was represented by a team consisting of Isaac Bijou, Meyer Dagmy, and Eddie Mamiye from MOD, facilitating the lease agreement.
Players
New York 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
132191.67%
Cash-on-Cash
-37780.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93