Leases 12,000 SF Retail Space At 535 Clinton Avenue
535 Clinton Avenue
$40
$40/SF
Building Size
12,000 SF
Asset Type
Retail
Closing
Jun 30, 2025
About this deal
AI
The property asset involved in the transaction is a retail space located at 535 Clinton Avenue in Brooklyn. It spans a total of 12,000 square feet and is leased under a Single Net Lease arrangement with an asking rent of $40 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $480,000 (calculated as $40/ft x 12,000 SF)
- Date of Lease: 7/1/2025
- Landlord: Michael Butler - Bonjour Capital
- Tenant:
- Brokers: James Famularo, Jacob Mayer & Cole Kleppinger - Meridian Capital Group
Key individuals involved in the transaction include landlord Michael Butler, representing Bonjour Capital, and the tenant, a . The brokers securing the lease were James Famularo, Jacob Mayer, and Cole Kleppinger from Meridian Capital Group, who facilitated the deal.
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
396575.00%
Cash-on-Cash
-113342.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93