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310 North 7th Street

Joel Schwartz Leases Retail Space To Meeker Pharmacy At 310 North 7th Street Brooklyn
LEASEDRetail

Joel Schwartz Leases Retail Space To Meeker Pharmacy At 310 North 7th Street Brooklyn

310 North 7th Street

$75

$75/SF

Building Size

1,000 SF

Asset Type

Retail

Closing

Feb 28, 2026

AI

The asset involved in this transaction is a retail property located at 310 North 7th Street in Brooklyn. The lease was signed for a space measuring 1,000 square feet, with an asking rent of $75 per square foot under a Single Net Lease structure.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $75/ft
  • Square Footage: 1,000
  • Address: 310 North 7th Street
  • Market: Brooklyn
  • Landlord: Joel Schwartz
  • Tenant: Meeker Pharmacy
  • Landlord's Representative: Sloan Real Estate
  • Tenant's Representative: Joaquin Carrillo - Meridian Capital Group

The transaction was facilitated by Joaquin Carrillo from Meridian Capital Group, who represented Meeker Pharmacy in this leasing deal. Sloan Real Estate acted on behalf of the landlord, Joel Schwartz, ensuring a smooth transaction process for both parties involved.

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