Met Fresh Signs 20-Year Lease For 11000 Square Feet At 340 Myrtle Avenue In Fort Greene
340 Myrtle Avenue
$85
$85/SF
Building Size
11,000 SF
Asset Type
Retail
Closing
Jun 26, 2025
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.
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
186623.53%
Cash-on-Cash
-53337.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93