Parkview Properties Leases 3,950 SF Retail Space To Little Trail Blazers Daycare In Brooklyn
503 Evergreen Avenue
$46
$46/SF
Building Size
3,950 SF
Asset Type
Retail
Closing
Oct 14, 2026
About this deal
AI
The property involved in this lease transaction is a retail space located at 503 Evergreen Avenue in the Brooklyn market. The asset encompasses a total of 3,950 square feet, with an asking rent of $46 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $46/ft
- Address: 503 Evergreen Avenue
- Market: Brooklyn
- Landlord: Parkview Properties
- Tenant: Little Trail Blazers Daycare
- Landlord's Representative: Noam Aziz, Max Freudenberger & Shaya Katz - Meridian Capital Group
- Tenant's Representative: Joaquin Carrillo - Meridian Capital Group
- Lease Type: Retail Lease
The transaction was facilitated by the involvement of Meridian Capital Group, representing both the landlord and the tenant, with key brokers Noam Aziz, Max Freudenberger, Shaya Katz, and Joaquin Carrillo playing significant roles in negotiating the lease agreement.
On the Map
$46
$46/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
344847.83%
Cash-on-Cash
-98558.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93