Michael Kubersky Of Kubersky Management Leases Retail Space To Pita Pi In Brooklyn For $45/ft
317 Union Avenue
$45
$45/SF
Building Size
2,500 SF
Asset Type
Retail
Closing
Aug 5, 2025
About this deal
AI
The property asset involved in this transaction is a retail space located at 317 Union Avenue in the Brooklyn market. The lease type is a Modified Gross Lease, with an asking rent of $45 per square foot for a total area of 2,500 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $45/ft
- Address: 317 Union Avenue
- Market: Brooklyn
- Landlord: Michael Kubersky - Kubersky Management
- Tenant: Main Dayyehh - Pita Pi
- Tenant's Representative: Eli Marcus & Kevin Bisconti - Meridian Capital Group
Michael Kubersky represents the landlord in this transaction, while Eli Marcus and Kevin Bisconti represent the tenant. The transaction occurred on August 6, 2025.
On the Map
$45
$45/SF
Retail
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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
352511.11%
Cash-on-Cash
-100748.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93