T-Mobile Signs Lease For Retail Space At 2875 West 8th Street Brooklyn With Landlord Michael Lonuzzi
2875 West 8th Street
Building Size
1,000 SF
Asset Type
Retail
Closing
May 3, 2026
About this deal
AI
The property asset involved in this transaction is a retail space located at 2875 West 8th Street in the Brooklyn market. The lease was executed for a total square footage of 1,000 and is structured as a Single Net Lease. The asking rent for this property has been set at $70 per square foot.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $70/ft
- Square Footage: 1,000
- Address: 2875 West 8th Street
- Market: Brooklyn
- Landlord: Michael Lonuzzi
- Tenant: T-Mobile
- Brokers: Noam Aziz & Daniel Rachline - Meridian Capital Group
- Lease Type: Single Net Lease
Noam Aziz and Daniel Rachline, representing Meridian Capital Group, facilitated this transaction on behalf of the landlord and tenant. This lease arrangement reflects a strategic decision for T-Mobile to secure retail space in a key market area.
On the Map
Retail
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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
226614.29%
Cash-on-Cash
-64767.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93