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232 West 18th Street

Columbia Property Trust Leases Retail Space To Kurrent NY At 232 West 18th Street
LEASEDRetail

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

Isaac Bijou

MOD

Broker

$1.4M

vol

39 deals

Broker
Meyer Dagmy
Verified Badge

Meyer Dagmy

MOD

Broker

$5.5M

vol

90 deals

Broker
Columbia Property Trust
Columbia Property TrustLandlord

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