LEASEDRetail
Monro LLC Signs 10 Year Modified Gross Lease At 343A Tompkins Avenue With Babushka Tompkins
343a Tompkins Avenue
$80
$80/SF
Building Size
900 SF
Asset Type
Retail
Closing
Aug 28, 2026
About this deal
AI
The property asset involved in this transaction is a retail space located at 343A Tompkins Avenue in the Bedford-Stuyvesant market. It encompasses a total square footage of 900 and has an asking rent of $80 per foot, structured under a Modified Gross Lease for a term of 10 years.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $80/ft
- Lease Term: 10 years
- Lease Type: Modified Gross Lease
- Landlord: Babushka Tompkins
- Tenant: Monro LLC
- Brokers: Ben Biberaj - IPRG Retail Leasing
- Brokers: Brandon Efap - Investment Property Realty Group
This lease transaction involves Ben Biberaj and Brandon Efap, who are the brokers representing the respective parties in the deal. Both brokers are affiliated with IPRG Retail Leasing and Investment Property Realty Group, respectively, facilitating the terms between the landlord, Babushka Tompkins, and the tenant, Monro LLC.
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
198287.50%
Cash-on-Cash
-56671.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93