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
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