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29 Newkirk Plaza

Seasonal Practice Providers Leases Retail Space At 29 Newkirk Plaza Brooklyn For $60/ft
LEASEDRetail

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

Josh Augenbaum

Augenbaum Realty

Broker

$655M

vol

144 deals

Broker

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