LEASEDRetail
Sam Zeebi Leases Retail Space At 482 Utica Avenue To Brooklyn Paradise For $30/ft
482 Utica Avenue
$30
$30/SF
Building Size
4,200 SF
Asset Type
Retail
Closing
May 20, 2026
About this deal
AI
The asset involved in this transaction is a retail property located at 482 Utica Avenue in the Flatbush market. The leased space measures 4,200 square feet and has an asking rent of $30 per square foot. The lease agreement is classified as a Modified Gross Lease and has a term of 5 years.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $30/ft
- Address: 482 Utica Avenue
- Market: Flatbush
- Lease Term: 5 years
- Lease Type: Modified Gross Lease
- Landlord: Sam Zeebi
- Tenant: Brooklyn Paradise
- Brokers: Joey Sakkal, Fredy Halabi & Avi Saadia - Tri State Commercial Realty
The individuals facilitating this transaction include brokers Joey Sakkal, Fredy Halabi, and Avi Saadia, who represent the landlord, Sam Zeebi, and the tenant, Brooklyn Paradise, in this lease agreement.
On the Map
$30
$30/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
528766.67%
Cash-on-Cash
-151123.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93