Met Fresh Signs 20-Year Lease For 11000 Square Feet At 340 Myrtle Avenue In Fort Greene
340 Myrtle Avenue
Building Size
11,000 SF
Asset Type
Retail
Closing
Jun 26, 2025
About this deal
AI
The asset involved in this transaction is a retail space located at 340 Myrtle Avenue in Fort Greene, Brooklyn. It encompasses a total area of 11,000 square feet and has an asking rent of $85 per square foot. This property is part of Bruklyn Builders’ new mixed-use development.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $85/ft
- Square Footage: 11,000
- Address: 340 Myrtle Avenue
- Market: Fort Greene
- Landlord: David Halberstam - Bruklyn Builders
- Tenant: Met Fresh
- Landlord's Representative: Abe Steinberg - Doorway NYC
- Tenant's Representatives: Nathaniel Mallon & Brendan Thrapp - Verada
Met Fresh has committed to a 20-year lease in this space, with plans for their opening set for spring 2026. The representatives involved in this transaction highlight the collaboration between Bruklyn Builders and Verada, ensuring a successful leasing process for both the landlord and the tenant.
On the Map
Retail
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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
186623.53%
Cash-on-Cash
-53337.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93