Uchie Alozie Leases Retail Space To Mjays Organic Mart At 462 Myrtle Avenue Brooklyn
462 Myrtle Avenue
$156
$156/SF
Building Size
1,000 SF
Asset Type
Retail
Closing
Nov 2, 2025
AI
The retail property located at 462 Myrtle Avenue in Brooklyn was leased for $156 per square foot. The total square footage of the asset is 1,000 square feet, and the lease type is a Single Net Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $156/ft
- Address: 462 Myrtle Avenue
- Market: Brooklyn
- Landlord: Uchie Alozie
- Tenant: Mjays Organic Mart & More
- Landlord's Representative: Nathan Shabot & Stephen Ligambi - Meridian Capital Group
- Tenant's Representative: Freddy Meytin - Tri State Commercial
- Lease Type: Single Net Lease
- Square Footage: 1,000
Uchie Alozie is the landlord of the leased property, while Mjays Organic Mart & More is the tenant. Nathan Shabot and Stephen Ligambi, representing the landlord, are affiliated with Meridian Capital Group. The tenant is represented by Freddy Meytin from Tri State Commercial.
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