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560 Remsen Avenue

Uri Koptiev Leases Retail Space To EZ Pawn Shop At 560 Remsen Avenue Brooklyn
LEASEDRetail

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:

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

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

367 deals

Broker

Uri Koptiev

Landlord

$15M

vol

6 deals

Landlord

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