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340 Myrtle Avenue

Met Fresh Signs 20-Year Lease For 11000 Square Feet At 340 Myrtle Avenue In Fort Greene
LEASEDRetail

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:

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

Abe Steinberg

Doorway NYC

Broker

$1.3M

vol

4 deals

Broker
Verada
VeradaBrokerage

David Halberstam

Landlord

$183.4M

vol

14 deals

Landlord

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