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
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