Seasonal Practice Providers Leases Retail Space At 29 Newkirk Plaza Brooklyn For $60/ft
29 Newkirk Plaza
$60
$60/SF
Building Size
1,750 SF
Asset Type
Retail
Closing
May 19, 2026
AI
The property involved in this transaction is a retail asset located at 29 Newkirk Plaza in the Brooklyn market. It is part of a lease agreement with an asking rent of $60 per square foot for a total space of 1,750 square feet. The landlord for this retail lease is Lineage Properties, represented by the Fruchthandler Family.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $60/ft
- Square Footage: 1,750
- Address: 29 Newkirk Plaza
- Market: Brooklyn
- Landlord: Lineage Properties - Fruchthandler Family
- Tenant: Seasonal Practice Providers
- Brokers: Josh Augenbaum & Murray Mizrachi - Augenbaum Realty
- Lease Type: Retail Lease
Key individuals involved in this transaction include the tenant, Seasonal Practice Providers, who will be occupying the retail space. The brokers facilitating the deal are Josh Augenbaum and Murray Mizrachi from Augenbaum Realty, ensuring the transaction proceeds smoothly on behalf of the landlord and tenant.
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
264383.33%
Cash-on-Cash
-75561.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93