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426 86th Street

Joey Rishty Leases Retail Space To Indoor Treez At 426 86th Street In Bay Ridge
LEASEDRetail

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:

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

Jack Hamadani

Kassin Sabbagh Realty

Broker

46 deals

Broker
Kassin Sabbagh Realty
Kassin Sabbagh RealtyBrokerage

Joey Rishty

Landlord

$10.1M

vol

3 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

70502.22%

Cash-on-Cash

-20149.75%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93