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
Brooklyn Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
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