Mjays Organic Market & More Signs 10 Year Lease At 462 Myrtle Avenue Brooklyn With Uchie Alozie
462 Myrtle Avenue
$156
$156/SF
Building Size
1,000 SF
Asset Type
Retail
Closing
Nov 2, 2025
AI
The property asset involved in this transaction is a retail space located at 462 Myrtle Avenue in Brooklyn. The lease is for a space of 1,000 square feet with an asking rent of $156 per square foot. The lease term spans 10 years and is categorized as a single net lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $156/ft
- Square Footage: 1,000
- Address: 462 Myrtle Avenue
- Market: Brooklyn
- Landlord: Uchie Alozie
- Tenant: Mjays Organic Market & More
- Landlord's Representative: Nathan Shabot & Stephen Ligambi - Meridian Capital Group
- Tenant's Representative: Freddy Meytin - Tri State Commercial Realty
- Lease Term: 10 Years
- Lease Type: Single Net Lease
The transaction features representation from Nathan Shabot and Stephen Ligambi, who represent the landlord, while Freddy Meytin acts as the representative for the tenant. Their involvement facilitates the agreement between Uchie Alozie and Mjays Organic Market & More, ensuring the successful lease of the retail space.
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
101685.90%
Cash-on-Cash
-29062.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93