Moshe & Peretz Mintz Lease 2,000 SF Retail Space To Holesomebagels In Brooklyn For 5 Years
455 Utica Avenue
$52
$52/SF
Building Size
2,000 SF
Asset Type
Retail
Closing
Apr 29, 2025
AI
The retail property located at 455 Utica Avenue in Brooklyn has a total square footage of 2,000. The asking rent is set at $52 per square foot, within the confines of a modified gross lease agreement over a term of 5 years.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $52/ft
- Lease Term: 5 Years
- Lease Type: Modified Gross Lease
- Landlord: Moshe & Peretz Mintz
- Tenant: Holesomebagels
- Landlord's Rep: Fredy Bagdadi - Tri State Commercial Realty
This transaction involved key individuals such as Moshe and Peretz Mintz acting as landlords and Fredy Bagdadi representing them through Tri State Commercial Realty. The tenant, Holesomebagels, will occupy the space under the stipulated lease terms.
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
305057.69%
Cash-on-Cash
-87186.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93