facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Retail

/

Lease

/

462 Myrtle Avenue

Uchie Alozie Leases Retail Space To Mjays Organic Mart At 462 Myrtle Avenue Brooklyn
LEASEDRetail

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

Stephen Ligambi

Meridian Capital Group

Broker

31 deals

Broker
Meridian Capital Group
Meridian Capital GroupBrokerage

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