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310 North 7th Street

Joel Schwartz Leases Retail Space To Arwa Coffee At 310 North 7th Street Brooklyn
LEASEDRetail

Joel Schwartz Leases Retail Space To Arwa Coffee At 310 North 7th Street Brooklyn

310 North 7th Street

$75

$75/SF

Building Size

2,000 SF

Asset Type

Retail

Closing

Feb 28, 2026

AI

The retail asset located at 310 North 7th Street in Brooklyn consists of a leased space with an asking rent of $75 per square foot, totaling 2,000 square feet. The lease type is a Single Net Lease, facilitating specific operational efficiencies for the tenant.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $150,000
  • Landlord: Joel Schwartz
  • Tenant: Arwa Coffee
  • Landlord's Representative: Sloan Real Estate
  • Tenant's Representative: Joaquin Carrillo - Meridian Capital Group
  • Lease Date: 3/1/2026

This transaction was facilitated by the involvement of notable representatives. Joaquin Carrillo from Meridian Capital Group acted on behalf of the tenant, while Sloan Real Estate represented the landlord in the negotiation of the lease agreement.

Players

Joaquin Carrillo

Meridian Capital Group

Broker

21 deals

Broker

Joel Schwartz

Landlord

$450.9M

vol

43 deals

Landlord

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

211506.67%

Cash-on-Cash

-60449.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93