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462 Myrtle Avenue

Mjays Organic Market & More Signs 10 Year Lease At 462 Myrtle Avenue Brooklyn With Uchie Alozie
LEASEDRetail

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 involved in this transaction is a retail space located at 462 Myrtle Avenue in Brooklyn, encompassing a total square footage of 1,000. The asking rent is set at $156 per square foot, with a lease term of 10 years under a single net lease agreement.

Summary of transaction details:

This transaction highlights the roles of key individuals in the leasing process: Nathan Shabot and Stephen Ligambi represent the landlord, while Freddy Meytin represents the tenant, ensuring a collaborative effort in finalizing the lease agreement.

Players

Stephen Ligambi

Meridian Capital Group

Broker

33 deals

Broker
Meridian Capital Group
Meridian Capital GroupBrokerage

Uchie Alozie

Landlord
Landlord

Mjays Organic Market & More

Tenant
Tenant

Brooklyn Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

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