Uri Koptiev Leases Retail Space To EZ Pawn Shop At 560 Remsen Avenue Brooklyn
560 Remsen Avenue
$55
$55/SF
Building Size
1,200 SF
Asset Type
Retail
Closing
Apr 28, 2025
AI
The property involved in this transaction is a retail asset located at 560 Remsen Avenue in Brooklyn. The leased space has a square footage of 1,200 and operates under a Modified Gross Lease. The asking rent for this property is set at $55 per square foot.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 560 Remsen Avenue
- Market: Brooklyn
- Landlord: Uri Koptiev
- Tenant: EZ Pawn Shop
- Brokers: James Famularo, Jordan Langer & Marcelo Demoraes - Meridian Capital Group
- Lease Type: Modified Gross Lease
The deal was facilitated by brokers James Famularo, Jordan Langer, and Marcelo Demoraes from Meridian Capital Group, who represented the transaction involving the landlord Uri Koptiev and tenant EZ Pawn Shop.
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
288418.18%
Cash-on-Cash
-82430.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93