facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Retail

/

Lease

/

535 Clinton Avenue

 Leases 12,000 SF Retail Space At 535 Clinton Avenue
LEASEDRetail

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

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

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

374 deals

Broker
Meridian Capital Group
Meridian Capital GroupBrokerage

Brooklyn Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

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