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344 Maujer Street

William Shao Leases Retail Space To Obsidian House At 344 Maujer Street In Brooklyn
LEASEDRetail

William Shao Leases Retail Space To Obsidian House At 344 Maujer Street In Brooklyn

344 Maujer Street

$35

$35/SF

Building Size

3,400 SF

Asset Type

Retail

Closing

Feb 9, 2026

AI

The property involved in this transaction is a retail asset located at 344 Maujer Street in Brooklyn. The lease type is a Single Net Lease with an asking rent of $35 per square foot for a total area of 3,400 square feet.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $119,000
  • Address: 344 Maujer Street
  • Market: Brooklyn
  • Landlord: William Shao
  • Tenant: Obsidian House
  • Landlord's Representative: Stephen Ligambi - Meridian Capital Group
  • Tenant's Representative: Asher Schwartz - Meridian Capital Group

Key individuals in this transaction include the landlord William Shao, and tenant Obsidian House, with representation provided by Stephen Ligambi and Asher Schwartz, both affiliated with Meridian Capital Group. Their representation underscores the collaboration involved in facilitating this leased arrangement.

Players

Stephen Ligambi

Meridian Capital Group

Broker

31 deals

Broker
William Shao

William Shao

Landlord

$83.3M

vol

8 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

453228.57%

Cash-on-Cash

-129534.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93