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
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