Andrew Epstein Leases Retail Space To Embody Studio At 320 Tompkins Avenue Brooklyn
320 Tompkins Avenue
$70
$70/SF
Building Size
1,500 SF
Asset Type
Retail
Closing
Dec 3, 2025
AI
The property involved in this lease transaction is a retail asset located at 320 Tompkins Avenue, Brooklyn. The asking rent for the property is $70 per square foot, and it encompasses a total area of 1,500 square feet. The lease type negotiated for this transaction is a Single Net Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $105,000
- Address: 320 Tompkins Avenue
- Market: Brooklyn
- Landlord: Andrew Epstein
- Tenant: Embody Studio
- Broker: Stephen Ligambi - Meridian Capital Group
Key parties involved in this transaction include Andrew Epstein, who serves as the landlord of the retail property. Representing the interests of the tenant, Embody Studio, is the brokerage firm Meridian Capital Group, with Stephen Ligambi acting as the broker in this lease agreement.
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
226614.29%
Cash-on-Cash
-64767.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93