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531 Myrtle Avenue

Ben-Josef Group Holdings Leases Retail Space To District Taco At 531 Myrtle Avenue In Brooklyn
LEASEDRetail

Ben-Josef Group Holdings Leases Retail Space To District Taco At 531 Myrtle Avenue In Brooklyn

531 Myrtle Avenue

$120

$120/SF

Building Size

2,100 SF

Asset Type

Retail

Closing

May 31, 2025

AI

The asset involved in this lease transaction is a retail property located at 531 Myrtle Avenue in the Brooklyn market. The asking rent for this property is $120 per square foot, with a total square footage of 2,100. This lease is classified as a Modified Gross Lease.

Summary of transaction details:

The transaction was facilitated by Ben-Josef Group Holdings as the landlord and Distric Taco as the tenant. The representatives for the landlord included Meyer Dagmy, Isaac Bijou, and Eddie Mamiye from MOD, while the tenant was represented by Stephan Miller and Jerry Welkis from Welco Realty.

Players

Isaac Bijou

MOD

Broker

$1.4M

vol

39 deals

Broker
Meyer Dagmy
Verified Badge

Meyer Dagmy

MOD

Broker

$5.5M

vol

90 deals

Broker
Welco Realty
Welco RealtyBrokerage

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

132191.67%

Cash-on-Cash

-37780.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93