The Jay Group Leases Retail Space To Arwa Coffee At 275 Flatbush Avenue In Brooklyn
275 Flatbush Avenue
$150
$150/SF
Building Size
1,600 SF
Asset Type
Retail
Closing
Aug 5, 2026
About this deal
AI
The asset involved in the transaction is a retail property located at 275 Flatbush Avenue in Brooklyn. The lease type is a retail lease with an asking rent of $150 per square foot for a total space of 1,600 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $240,000
- Landlord: The Jay Group
- Tenant: Arwa Coffee
- Landlord's Representative: Fredy Halabi & Shlomi Bagdadi - Tri State Commercial Realty
- Tenant's Representative: Noam Aziz & Joaquin Carrillo - Meridian Capital Group
Key individuals involved in the lease negotiation include Fredy Halabi and Shlomi Bagdadi, representing the landlord, and Noam Aziz and Joaquin Carrillo, representing the tenant. Their roles were pivotal in facilitating the agreement between The Jay Group and Arwa Coffee.
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
105753.33%
Cash-on-Cash
-30224.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93