LEASEDRetail
The Jemstone Group Leases Retail Space To CKO Kickboxing At 526 86th Street Brooklyn
526 86th Street
$45
$45/SF
Building Size
2,600 SF
Asset Type
Retail
Closing
May 14, 2025
AI
The property involved in this transaction is a retail asset located at 526 86th Street in Brooklyn. The asset has a total square footage of 2,600 and is being leased at a rate of $45 per square foot. The lease agreement in place is a Modified Gross Lease with a term of 10 years.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $117,000
- Address: 526 86th Street
- Market: Brooklyn
- Landlord: The Jemstone Group
- Tenant: CKO Kickboxing
- Broker: Moshe Akiva - Tri State Commercial Realty
- Lease Term: 10 Years
- Lease Type: Modified Gross Lease
The transaction features The Jemstone Group as the landlord and CKO Kickboxing as the tenant, facilitated by broker Moshe Akiva from Tri State Commercial Realty. The long-term nature of the lease secures the tenant in this strategic location for a significant period.
Players
TG
The Jemstone GroupLandlord
CK
CKO KickboxingTenant
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
352511.11%
Cash-on-Cash
-100748.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93