Joey Rishty Leases Retail Space To Indoor Treez At 426 86th Street In Bay Ridge
426 86th Street
$225
$225/SF
Building Size
2,200 SF
Asset Type
Retail
Closing
Oct 17, 2025
AI
The property asset involved in this lease transaction is a retail space located at 426 86th Street in the Bay Ridge market. The lease type is a Single Net Lease, with an asking rent of $225 per square foot for a total area of 2,200 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $225/ft
- Square Footage: 2,200
- Address: 426 86th Street
- Market: Bay Ridge
- Landlord: Joey Rishty
- Tenant: Indoor Treez
- Brokers: Darren Kassin, Freddy Souid & Jack Hamadani - KSR
The deal involved key individuals including Joey Rishty as the landlord and Indoor Treez as the tenant, while the brokerage team representing the transaction consisted of Darren Kassin, Freddy Souid, and Jack Hamadani from KSR.
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
70502.22%
Cash-on-Cash
-20149.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93