Fluffies Hot Chicken Signs Retail Lease At 239-241 Flatbush Avenue For $200/ft
239 Flatbush Avenue
$155
$155/SF
Building Size
3,100 SF
Asset Type
Retail
Closing
Aug 17, 2026
About this deal
AI
The asset involved in this transaction is a retail property located at 239-241 Flatbush Avenue in Prospect Heights. The asking rent for this property is set at $200 per square foot, with a total square footage of 3,100 square feet. The lease type is identified as a retail lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $200/ft
- Address: 239-241 Flatbush Avenue
- Market: Prospect Heights
- Landlord: Edward Ostad & Michael Ostad
- Tenant: Fluffies Hot Chicken
- Brokers: Albert Salameh, David Green, Albert Halawani & Dorel Melloul - KSR
This lease transaction features Edward Ostad and Michael Ostad as the landlords, while Fluffies Hot Chicken is the tenant entering into the retail lease. The brokers facilitating this deal are Albert Salameh, David Green, Albert Halawani, and Dorel Melloul from KSR.
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
102341.94%
Cash-on-Cash
-29249.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93