Edward Ostad & Michael Ostad Lease Retail Space To Bristle & Bergen At 466 Bergen Street
466 Bergen Street
$150
$150/SF
Building Size
1,000 SF
Asset Type
Retail
Closing
Aug 17, 2026
About this deal
AI
The property involved in this transaction is a retail asset located at 466 Bergen Street in the Prospect Heights market. It encompasses 1,000 square feet and has an asking rent of $150 per square foot.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $150/ft
- Square Footage: 1,000 SF
- Address: 466 Bergen Street
- Market: Prospect Heights
- Landlord: Edward Ostad & Michael Ostad
- Tenant: Bristle & Bergen
- Broker Representatives: Albert Salameh, David Green, Benjamin Namdar & Darien Hakimi
- Lease Type: Retail Lease
This lease transaction involved notable individuals from the brokerage community, specifically Albert Salameh, David Green, Benjamin Namdar, and Darien Hakimi, who represented the interests of the parties involved in this deal, facilitating the agreement between the landlord and tenant.
On the Map
$150
$150/SF
Retail
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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
105753.33%
Cash-on-Cash
-30224.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93