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317 Union Avenue

Michael Kubersky Of Kubersky Management Leases Retail Space To Pita Pi In Brooklyn For $45/ft
LEASEDRetail

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

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.

Players

Kevin Bisconti

Meridian Capital Group

Broker

48 deals

Broker
Meridian Capital Group
Meridian Capital GroupBrokerage

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