Brooklyn Dumpling Shop Leases Retail Space At 445 Albee Square For $635 Per Foot
445 Albee Square
Building Size
170 SF
Asset Type
Retail
Closing
Jul 21, 2026
About this deal
AI
The property asset involved in this lease transaction is located at 445 Albee Square in Brooklyn. It is classified as a retail space with an asking rent of $635 per square foot and encompasses a total square footage of 170. The lease term for this retail space is set for 5 years under a modified gross lease structure.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $635/ft
- Square Footage: 170
- Lease Term: 5 years
- Lease Type: Modified Gross Lease
- Landlord: Dekalb Market Hall
- Tenant: Brooklyn Dumpling Shop
- Broker: Joy Fescine - Tri State Commercial Realty
This lease transaction involves notable parties, with Dekalb Market Hall acting as the landlord and Brooklyn Dumpling Shop as the tenant. Joy Fescine from Tri State Commercial Realty represents the tenant in this transaction, facilitating the agreement between the landlord and tenant.
On the Map
Retail
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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
1762.56%
Cash-on-Cash
-503.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93