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320 Tompkins Avenue

Andrew Epstein Leases Retail Space To Embody Studio At 320 Tompkins Avenue Brooklyn
LEASEDRetail

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

Stephen Ligambi

Meridian Capital Group

Broker

31 deals

Broker

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